Securities Law & Instruments


Issuer meets the requirements set out in OSC Staff Notice 12-703 -- issuer deemed to have ceased to be a reporting issuer.

Ontario Statutes

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

July 8, 2004

Davies Ward Phillips & Vineberg LLP
44th Floor, First Canadian Place
Toronto, ON M5X 1B1

ATTN: Richard Fridman

RMI USA LLC (the "Applicant") -- Application to Cease to be a Reporting Issuer under Section 83 of the Securities Act (Ontario) (the "Act")

The Applicant has applied to the Ontario Securities Commission for an order under section 83 of the Act to be deemed to have ceased to be a reporting issuer.

As the Applicant has represented to the Director that:

1. the outstanding securities of the Applicant, including debt securities are beneficially owned, directly or indirectly, by less than 15 security holders in Ontario 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 Act as a reporting issuer,

the Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is deemed to have ceased to be a reporting issuer.

"Erez Blumberger"