Securities Law & Instruments

Headnote

Issuer deemed to have ceased to be offering its securities to the public under the OBCA.

Statute Cited

Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. 1(6).

IN THE MATTER OF

THE BUSINESS CORPORATIONS ACT

R.S.O. 1990, CHAPTER B.16, AS AMENDED (THE "OBCA")

AND

IN THE MATTER OF

MOBILE CLIMATE CONTROL INDUSTRIES INC.

 

ORDER

(Subsection 1(6) of the OBCA)

UPON the application of Mobile Climate Control Industries Inc. (the Filer) to the Ontario Securities Commission (the Commission) for an order pursuant to subsection 1(6) of the OBCA that the Filer be deemed to have ceased to be offering its securities to the public;

AND UPON considering the application and the recommendation of staff of the Commission;

AND UPON the Filer having represented to the Commission that:

1. The Filer is a corporation governed by the laws of the Province of Ontario. Its head office is located in Toronto, Ontario.

2. The Filer is an "offering corporation" as defined in the OBCA.

3. The Filer has applied for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer.

4. The Filer is not in default of any of its obligations as a reporting issuer under the Securities Act (Ontario) or the rules and regulations made thereunder.

5. All of the Filer's outstanding equity securities are beneficially owned, indirectly, by Mr. Gunnar Mannerheim, the Managing Director of the Filer.

6. Other than the common shares which are all held indirectly by Mr. Gunnar Mannerheim, the Filer has no outstanding securities, including debt securities.

7. No securities of the Filer are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation.

8. The Filer does not intend to seek public financing by way of an offering of its securities.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

IT IS ORDERED, pursuant to subsection 1(6) of the OBCA, that the Filer is deemed to have ceased to be offering its securities to the public for the purposes of the OBCA.

February 1, 2005.

"Paul Moore"
"Lorne Morphy"