WI-LAN Inc. - s. 147

Headnote

Section 147 – relief granted from the requirement that a period of ten days elapse between the issuance of a receipt for a preliminary prospectus and the issuance of a receipt for a (final) prospectus

Statutes Cited

Securities Act, R.S.O. 1990, c.S.5. as am, ss. 65(1), 147.

Rules Cited

National Instrument 44-101 – Short Form Prospectus Distributions (2000) 23 OSCB (Supp) 867.

WHEREAS Wi-LAN Inc. (the "Applicant") filed a preliminary prospectus dated January 11, 2001 (the "Preliminary Prospectus") in accordance with National Instrument 44-101 -- Short Form Prospectus Distributions (the "Short Form Rule") relating to the offering of 1,700,000 units comprised of common shares and warrants of the Applicant and received a receipt therefor dated January 11, 2001(the "Offering");

AND WHEREAS the Applicant may file a (final) prospectus on or before January 19, 2001 (the "Prospectus") in accordance with the Short Form Rule and is desirous of receiving a receipt forthwith thereafter;

AND WHEREAS the Short Form Rule may not provide for relief from 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 (final) prospectus;

AND WHEREAS the Applicant has applied to the Ontario Securities Commission (the "Commission") for an order pursuant to section 147 of the Act that it be exempt from the Waiting Period Requirement;

AND WHEREAS the Commission has considered the application and the recommendation of staff of the Commission and is 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 Waiting Period Requirement shall not apply in connection with the Offering; and

(b)no fee shall be payable in connection with the making of this application.

January 16, 2001.

J.A. Geller, Howard I. Wetston