York Labour Fund Inc. - s. 83

Headnote

Section 83 of the Securities Act (Ontario) -- labour sponsored investment fund deemed to have ceased to be a reporting issuer -- the fund sold substantially all of its assets to another labour sponsored investment fund -- the fund will be wound up in the near future -- the fund meets the requirements set out in OSC Staff Notice 12-703.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990, c. S-5, as am., s. 83.

OSC Staff Notice 12-703 Preferred Format of Applications to the Director Under Section 83 of the Securities Act (Ontario), (2003) 26 OSCB 3107

August 24, 2006

The Applicant has applied to the Ontario Securities Commission (the Commission) for an order under section 83 of the Act to be deemed to have ceased to be a reporting issuer.

As the Applicant has represented to the Commission that:

(a) the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in Ontario and less than 51 security holders in Canada;

(b) no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation;

(c) the Applicant is not in default of any of its obligations under the Act as a reporting issuer; and

(d) the Applicant will not be a reporting issuer or the equivalent in any jurisdiction in Canada immediately following the Director granting the relief requested,

the Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is deemed to have ceased to be a reporting issuer.