NAVigator Capital Management Inc. - cl. 213(3)(b) of the LTCA
Headnote
Clause 213(3)(b) of the Loan and Trust Corporations Act -- application by manager for approval to act as trustee of a mutual fund trust.
Statutes Cited
Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., clause 213(3)(b).
November 12, 2004
Attention: Manoj Pundit
Dear Sirs/Mesdames:
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Re:
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NAVigator Capital Management Inc. ("Navigator") Application pursuant to clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for approval to act as trustee
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Further to the application dated November 4, 2004 (the "Application") filed on behalf of Navigator 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 Navigator act as trustee of the Starboard RSP Fund and of any future funds to be established and managed by Navigator from time to time, the securities of which will be offered pursuant to prospectus exemption.
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"Paul M. Moore"
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"Susan Wolburgh Jenah"
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October _____, 2004.
Acknowledgement as Received by,
October _____, 2004.