Events International Holding Corporation - s. 144
Headnote
Section 144 - revocation of cease trade orderupon remedying of default, conclusion of reverse take-over,updating of public disclosure record and full disclosure informationtogether with all outstanding financial statements being mailedto shareholders.
Statutes Cited
Securities Act, R.S.O., c.S.5, as am., ss. 127and 144
IN THE MATTER OF
EVENTS INTERNATIONAL HOLDING CORPORATION
AND
IN THE MATTER OF
EVENTS INTERNATIONAL HOLDING CORPORATION
(formerly Golden Gram Capital Inc.)
ORDER
(Section 144)
WHEREAS the securities of Events InternationalHolding Corporation ("Events"), formerly Golden GramCapital Inc., are subject to a temporary order of the Manager,Market Operations (the "Manager") of the Ontario SecuritiesCommission (the "Commission") dated February 1, 2001and extended by an order of the Manager dated February 13, 2001made under section 127 of the Act (collectively referred toas the "Cease Trade Order") directing that tradingin the securities of Events cease;
AND WHEREAS Events obtained a partialrevocation of the Cease Trade Order dated July 25, 2001 pursuantto section 144 of the Act solely to permit the issuance of sharesby Events to shareholders of Events International Meeting PlannersInc. ("EIMP") in connection with a reverse take-over(the "RTO");
AND WHEREAS Events has applied to theCommission pursuant to section 144 of the Act for a full revocationof the Cease Trade Order;
AND UPON Events having represented tothe Commission that:
1. The RTO was completed on October 15, 2001.
2. Other than the Cease Trade Order, Eventsis not in default of any of the requirements of the Act or anyof the requirements of the securities legislation in any otherjurisdiction in Canada.
3. On September 17, 2001, Events filed a ManagementInformation Circular (the "Circular") in connectionwith a meeting of shareholders scheduled for October 12, 2001to approve the RTO.
4. At a Special Meeting of Shareholders on October12, 2001, Events' shareholders approved the RTO.
5. On April 18, 2002, the Canadian Venture Exchangeapproved the RTO, subject to amongst other things, the revocationof the Cease Trade Order.
6. Events made this application for a full revocationof the Cease Trade Order and originally proposed to rely onthe Circular as representing prospectus-level disclosure aboutEvents, EIMP and the RTO. In response to comments raised bythe staff of the Commission, Events filed a revised ManagementInformation Circular on March 20, 2002, which contained prospectus-leveldisclosure about Events, EIMP and the RTO.
7. Events has provided an undertaking that Eventswill send to its shareholders, before its annual meeting ofshareholders scheduled for June 27, 2002, the letter to Shareholdersof Events International Holding Corporation (formerly GoldenGram Capital Inc.) dated March 14, 2002 and attached to theManagement Information Circular filed on March 20, 2002.
8. Events has provided an undertaking that Eventswill file, on SEDAR, the audited financial statements of EIMPfor its twelve-month financial-period ended December 31, 2001,as a separate schedule with the annual audited financial statementsof Events for its financial year ended December 31, 2001.
AND UPON considering the applicationand the recommendation of the staff of the Commission;
AND UPON the Director being satisfiedthat to do so would not be prejudicial to the public interest;
IT IS ORDERED, pursuant to section 144of the Act, that the Cease Trade Order be and is hereby revoked.
April 19, 2002.
"John Hughes"