IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C. S.5, AS AMENDED
- AND -
IN THE MATTER OF
ROBERT JAMES EMERSON
(Section 127 and 127.1)
IT IS ORDERED THAT:
- the Settlement Agreement dated February 11th, 2002 attached to this Order is hereby approved;
- pursuant to clause 2 of subsection 127(1) of the Act, effective from the date of this Order, Emerson shall cease trading in securities for a period of five years, with the exception of any sale by Emerson of Emerson's Current Interest in 1279514 Ontario Inc., as more particularly described in the Settlement Agreement;
- pursuant to clause 8 of subsection 127(1) of the Act, Emerson is prohibited from becoming or acting as an officer of a reporting issuer in Ontario, a director of an issuer in Ontario, and an officer or director of any issuer which has an interest in any registrant, for a period of five years effective from the date of this Order, except that Emerson may continue in his position as sole officer and director of Erinlee Holdings Inc.
- pursuant to clause 6 of subsection 127(1) of the Act, Emerson is hereby reprimanded.
DATED at Toronto this 19th day of February, 2002
Paul M. Moore
R. Stephen Paddon
Mary Theresa McLeod