Securities Law & Instruments

Headnote

Cease-trade order revoked where the issuer hasremedied its default in respect of disclosure requirements underthe Act.

Statutes Cited

Securities Act, R.S.O. 1990, c. S.5, as am.,ss. 127(1)2, 127(5), 127(8), 144.

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5,AS AMENDED

(the "Act")

AND

IN THE MATTER OF

CLN VENTURES INC.

 

ORDER

(Section 144)

WHEREAS the securities of CLN VenturesInc. (the "Reporting Issuer") currently are subjectto a Temporary Order (the "Temporary Order") madeby a Director on behalf of the Ontario Securities Commission(the "Commission"), pursuant to paragraph 2 of subsection127(1) and subsection 127(5) of the Act, on August 26, 2002as extended by a further order (the "Extension Order")of a Director, made on September 9, 2002, on behalf of the Commissionpursuant to subsection 127(8) of the Act, that trading in securitiesof the Reporting Issuer cease until the Temporary Order, asextended by the Extension Order, is revoked by a further Orderof Revocation;

AND WHEREAS the Temporary Order and ExtensionOrder were each made on the basis that the Reporting Issuerwas in default of certain filing requirements;

AND WHEREAS the undersigned Manager issatisfied that the Reporting Issuer has remedied its defaultin respect of the filing requirements and is of the opinionthat it would not be prejudicial to the public interest to revokethe Temporary Order as extended by the Extension Order;

NOW THEREFORE, IT IS ORDERED, pursuantto section 144 of the Act, that the Temporary Order and ExtensionOrder be and they are hereby revoked.

September 30, 2002.

"John Hughes"