Arcamatrix Corporation - s. 144

Order

Headnote

Cease-trade order revoked where the issuer hasremedied its default in respect of disclosure requirements underthe Act.

Statutes Cited

Securities Act, R.S.O. 1990, c. S.5, as am.,ss. 127(1)2, 127(5), 127(8), 144.

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5,AS AMENDED

(the "Act")

AND

IN THE MATTER OF

ARCAMATRIX CORPORATION

 

ORDER

(Section 144)

WHEREAS the securities of ArcamatrixCorporation (the Reporting Issuer) currently are subjectto a Temporary Order made by the Director on behalf of the OntarioSecurities Commission (the Commission), pursuant to paragraph2 of subsections 127(1) and 127(5) of the Act on the 27thday of May, 2003, as extended by a further order (the ExtensionOrder) of the Director, made on the 6th day of June,2003, on behalf of the Commission pursuant to subsection 127(8)of the Act, that trading in the securities of the ReportingIssuer cease until the Temporary Order, as extended by the ExtensionOrder is revoked by a further Order of Revocation;

AND WHEREAS the Temporary and ExtensionOrder were each made on the basis that the Reporting Issuerwas in default of certain filing requirements;

AND WHEREAS the Reporting Issuer hasrepresented to the Director that:

1. The Corporation was incorporated underthe Business Corporations Act (Ontario) on September21, 1998 and is a reporting issuer in the Provinces of Ontario,British Columbia and Alberta.

2. The Cease Trade Order was issued May 27,2003 by reason of the failure of the Corporation to file withthe Commission its Annual Financial Statements for the yearending December 31, 2002, as required by the Act.

3. The common shares of the Corporation werehalted from trading on TSX Venture on June 3, 2003 for failureto meet its continuous disclosure requirements.

4. On September 9, 2003, the Corporation filedthe Annual Financial Statements for year ending December 31,2003 and its interim financial statements for the periodsended March 31, 2003 and June 30, 2003 with the Commissionthrough SEDAR. The Corporation has now brought its continuousdisclosure filings up-to-date.

AND WHEREAS the undersigned Manager issatisfied that the Reporting Issuer has remedied its defaultin respect of the filing requirements and is of the opinionthat it would not be prejudicial to the public interest to revokethe Temporary Order as extended by the Extension Order;

NOW THEREFORE IT IS ORDERED pursuantto section 144 of the Act that the Temporary Order and ExtensionOrder be and they are hereby revoked.

October 9, 2003.

"John Hughes"