Clause 213(3)(b) of the Loan and Trust Corporations Act -- application by manager, with no prior track record of acting as trustee, for approval to act as trustee of a pooled fund to be established and managed by the applicant and offered pursuant to a prospectus exemption.
Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).
June 7, 2005
Blake, Cassels & Graydon LLP
Attention: Michael W. Sharp
Resolute Funds Limited (the "Applicant") for approval to act as the trustee of Resolute Performance Fund (the "Trust")
Further to the application dated May 27, 2005 (the "Application") filed on behalf of the Applicant and based on the facts set out in the Application, pursuant to the authority conferred on the Ontario Securities Commission (the "Commission") in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of the Trust to be established and managed by the Applicant, the securities of which will be offered pursuant to a prospectus exemption.
"Carol S. Perry"
"Wendell S. Wigle"