Securities Law & Instruments

Headnote

Subsection 1(6) of the OBCA -- Order deeming the issuer to have ceased to be offering its securities to the public

Statutes Cited

Business Corporations Act, R.S.O. 1990, c. B.16, as amended. Securities Act, R.S.O. 1990, c. S.5, as amended.

IN THE MATTER OF

THE SECURITIES ACT, R.S.O. 1990, c.S.5

AS AMENDED (THE "ACT")

AND

IN THE MATTER OF

EAGLE PRECISION TECHNOLOGIES INC.

 

ORDER

WHEREAS Eagle Precision Technologies Inc. (the Applicant) has applied to the Ontario Securities Commission (the Commission) for an order pursuant to the Business Corporations Act (Ontario) (the OBCA) to be deemed to have ceased to be offering its securities to the public.

AND WHEREAS the Applicant has represented to the Commission as follows:

1. the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in each of the jurisdictions in Canada and less than 51 security holders in total in Canada;

2. no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 - Marketplace Operation;

3. the Applicant is applying for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and

4. the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.

AND WHEREAS this Order evidences the decision of the Commission;

AND WHEREAS the Commission is satisfied that the test contained in the Legislation that provides the Commission with the jurisdiction to make the Order has been met;

IT IS HEREBY ORDERED by the Ontario Securities Commission pursuant to subsection 1(6) of the OBCA that the Applicant is deemed to have ceased to be offering its securities to the public for the purposes of the OBCA.

January 20, 2004.

"Robert W. Korthals"
"Paul K. Bates"