YBM Magnex International et al.

January 31, 2001

Order

IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

AND

YBM MAGNEX INTERNATIONAL INC.
HARRY W. ANTES
JACOB G. BOGATIN
KENNETH E. DAVIES
IGOR FISHERMAN
DANIEL E. GATTI
FRANK S. GREENWALD
R. OWEN MITCHELL
DAVID R. PETERSON
MICHAEL D. SCHMIDT
LAWRENCE D. WILDER
GRIFFITHS MCBURNEY & PARTNERS
NATIONAL BANK FINANCIAL CORP.
(formerly known as First Marathon Securities Limited)

ORDER

WHEREAS on January 2, 2001 Griffiths McBurney & Partners (Griffiths McBurney) submitted a Notice of Motion to the Ontario Securities Commission (the Commission) requesting the following relief:

1)an order permanently staying the proceeding commenced by Notice of Hearing on November 1, 1999, as against Griffiths McBurney; or

2)in the alternative, an order permitting Griffiths McBurney to conduct pre-hearing oral examinations and to obtain documentary discovery of the following persons in Toronto at a date to be specified:

(i)Dorothy Sanford;
(ii)Kathryn Soden;
(iii)Catherine Singer;
(iv)Brenda Eprile;
(v)Gregory Ljubic;
(vi)Paul Cherry;
(vii)Ralph Shay;
(viii)Robert Francis;

AND WHEREAS on January 26, 2001 a hearing was held to consider the Motion;

AND WHEREAS the Commission will issue reasons for its decision in due course;

IT IS ORDERED THAT the Motion is dismissed.

January 31, 2001.

Howard I. Wetston, Robert W. Davis, Derek Brown