Holloway Capital Corporation - s. 83

Decision

Headnote

Mutual Reliance Review System for Exemptive Relief Applications -- 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 6, 2006

Cristina Alaimo
Goodmans LLP
2400-250 Yonge St.
Toronto, ON M5B 2M6

Dear Ms. Alaimo:

Re:
Holloway Capital Corporation (the "Filer")-Application to Cease to be a Reporting Issuer under the securities legislation of Nova Scotia, Ontario and Alberta (the "Jurisdictions")

The Filer has applied to the local securities regulatory authority or regulator (the "Decision Maker") in each of the Jurisdictions for a decision under the securities legislation (the "Legislation") of the Jurisdictions to be deemed to have ceased to be a reporting issuer in the Jurisdictions.

As the Filer has represented to the Decision Makers that:

    • the outstanding securities of the Filer, 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;

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

    • the Filer 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

    • the Filer is not in default of any of its obligations under the Legislation as a reporting issuer,

each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Filer is deemed to have ceased to be a reporting issuer.

"H. Leslie O'Brien"
Chairman
Nova Scotia Securities Commission