Command Drilling Corporation - MRRS Decision

Headnote

ApplicableOntario Statutory Provisions

INTHE MATTER OF

THESECURITIES LEGISLATION

OFALBERTA AND ONTARIO

AND

INTHE MATTER OF

THEMUTUAL RELIANCE REVIEW SYSTEM

FOREXEMPTIVE RELIEF APPLICATIONS

AND

INTHE MATTER OF

COMMANDDRILLING CORPORATION

MRRSDECISION DOCUMENT

1.WHEREAS the local securities regulatory authorityor regulator (the "Decision Maker") in each of Alberta and Ontario(the "Jurisdictions") has received an application from CommandDrilling Corporation ("Command") for a decision pursuant tothe securities legislation (the "Legislation") of the Jurisdictionsdeeming Command to have ceased to be a reporting issuer underthe Legislation;

2.AND WHEREAS pursuant to the Mutual RelianceReview System for Exemptive Relief Applications (the "System")the Alberta Securities Commission is the principal regulatorfor this application;

3.AND WHEREAS Command has represented to theDecision Makers that:

3.1 Command is a corporation governed by the Business CorporationsAct (Alberta) ("ABCA");

3.2 Command's head office is located in Calgary, Alberta.;

3.3 Command is a reporting issuer, or the equivalent, in eachof the Jurisdictions by virtue of obtaining a final receiptfor its prospectus in the Jurisdictions on May 29, 2000;

3.4 Command is not in default of any of its obligations as areporting issuer under the Legislation;

3.5 Command's authorized capital consists of an unlimited numberof common shares (the "Common Shares") of which 30,574,309 CommonShares are issued and outstanding;

3.6 On November 9, 2001, 19552 Yukon Inc. ("Yukon") acquiredapproximately 97.34% of the outstanding Common Shares (excludingshares held at the date of the bid by or on behalf of Yukon)pursuant to Yukon's take-over bid offer of September 26,2001 to purchase all of the Common Shares;

3.7 Yukon acquired the remaining outstanding Common Shares pursuantto the compulsory acquisition procedures of the ABCA;

3.8 the Common Shares were delisted from the Toronto Stock Exchangeon November 14, 2001 and no securities of Command are listedor quoted on any exchange or market;

3.9 Command has no securities, including debt securities, outstandingother than the Common Shares; and

4.0 Command does not intend to seek public financing by wayof an offering of securities;

4.AND WHEREAS under the System, this MRRS DecisionDocument evidences the decision of each Decision Maker (collectively,the "Decision");

5.AND WHEREAS each of the Decision Makers issatisfied that the test contained in the Legislation that providesthe Decision Maker with the jurisdiction to make the Decisionhas been met;

6.THE DECISION of the Decision Makers pursuantto the Legislation is that Command is deemed to have ceasedto be a reporting issuer under the Legislation effective asof the date of this Decision

December5, 2001.