Securities Law & Instruments

Headnote

Mutual Reliance Review System for Exemptive Relief Applications - issuerdeemed to have ceased to be a reporting issuer as all of its securities are heldby one securityholder following completion of a plan of arrangement

Applicable Ontario Statutes Cited

Securities Act, R.S.O. 1990, c. S.5, as am., s. 83


IN THE MATTER OF THE SECURITIES LEGISLATION OF BRITISH COLUMBIA,ALBERTA, ONTARIO AND QUÉBEC

AND

IN THE MATTER OF THE
MUTUAL RELIANCE REVIEW SYSTEM FOR EXEMPTIVE RELIEF APPLICATIONS

AND

IN THE MATTER OF
NEWHAWK GOLD MINES LTD.

MRRS DECISION DOCUMENT


WHEREAS the local securities regulatory authority or regulator (the"Decision Maker") in each of British Columbia, Alberta, Ontario and Québec (the"Jurisdictions") has received an application from Newhawk Gold Mines Ltd.("Amalgamated Newhawk") for a decision under the securities legislation of theJurisdictions (the "Legislation") that Amalgamated Newhawk be deemed to haveceased to be a reporting issuer or the equivalent under the Legislation;

AND WHEREAS under the Mutual Reliance Review System for ExemptiveRelief Applications (the "System"), the Executive Director of the British ColumbiaSecurities Commission is the principal regulator for this application;

AND WHEREAS Amalgamated Newhawk has represented to the DecisionMakers that:

1. Amalgamated Newhawk is a company amalgamated under the Company Act(British Columbia) with its head office in British Columbia;

2. Amalgamated Newhawk is a reporting issuer or the equivalent under theLegislation;

3. the authorized capital of Amalgamated Newhawk consists of 100,000,000common shares without par value, of which 13,659,245 shares are issuedand outstanding;

4. Silver Standard Resources Inc. is a company incorporated under theCompany Act (British Columbia), is a reporting issuer in British Columbia,Alberta and Ontario and its common shares are listed and posted for tradingon the Canadian Venture Exchange;

5. on July 22, 1999 Silver Standard Resources Inc. and its wholly ownedsubsidiary, SSR Acquisition Inc., entered into an arrangement agreementwith Newhawk Gold Mines Ltd., a predecessor to Amalgamated Newhawk;under the arrangement agreement holders of the common shares of pre-amalgamated Newhawk (other than dissenting shareholders) wouldexchange their shares for common shares of Silver Standard on a basis ofone Silver Standard share for six shares of pre-amalgamated Newhawk;

6. on September 28, 1999 the shareholders of pre-amalgamated Newhawkapproved the arrangement;

7. on September 30, 1999, the arrangement was completed and pre-amalgamated Newhawk amalgamated with SSR Acquisition Inc. to formAmalgamated Newhawk;

8. all of the issued and outstanding securities of Amalgamated Newhawk areowned by Silver Standard;

9. the securities of Amalgamated Newhawk are not listed on any stockexchange and are not traded in any securities market;

10. Amalgamated Newhawk does not intend to make an offering of its securitiesto the public;

AND WHEREAS under the System this MRRS Decision Documentevidences the decision of each Decision Maker (collectively, the "Decision");

AND WHEREAS each of the Decision Makers is satisfied that the testcontained in the Legislation that provides the Decision Makers with the jurisdictionto make the Decision has been met;

The Decision of the Decision Makers under the Legislation is thatAmalgamated Newhawk is deemed to have ceased to be a reporting issuer or theequivalent under the Legislation.

March 8th, 2000.

"Margaret Sheehy"
Director