Microcell Telecommunications Inc.- s. 147
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C.S.5, as amended (the "Act")
AND
IN THE MATTER OF MICROCELL TELECOMMUNICATIONS INC.
ORDER
(Section 147)
UPON the application of Microcell Telecommunications Inc. (the "Applicant") for an order pursuant to section 147 of the Act that the Applicant not be subject to the requirement contained in subsection 65(1) of the Act that a period of ten days elapse between the issuance by the Director of a receipt for a preliminary prospectus relating to the offering of a security and the issuance of a receipt for a prospectus (the "Waiting Period Requirement");
AND UPON considering the application and the recommendation of the staff of the Commission;
AND UPON the Applicant having represented to the Commission as follows:
1.The Applicant filed a preliminary short form prospectus dated January 10, 2001 (the "Preliminary Prospectus"), in accordance with National Instrument 44-101 -- Short Form Prospectus Distributions (the "Short Form Rule") relating to the qualification of 3,703,704 Class B Non-Voting Shares and received a receipt therefor dated January 11, 2001.
2.The Applicant wishes to be in a position to file and obtain a receipt for its (final) short form prospectus (the "Prospectus") within a period of time that is less than the time provided in the Waiting Period Requirement.
3.The Short Form Rule may not provide for relief from the Waiting Period Requirement.
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;
IT IS ORDERED pursuant to section 147 of the Act that:
(a)the Applicant is exempt from the requirement that a period of ten days elapse between the issuance by the Director of a receipt for the Preliminary Prospectus and the issuance of a receipt for the Prospectus; and
(b)the Applicant be exempt from the requirement under the Act to pay fees in connection with the making of this application.
January 16, 2001.
"Jack A. Geller""R. Stephen Paddon"