KRG Television Limited - s. 144
Headnote
Cease-trade order revoked wherethe issuer has remedied its default in respect of disclosurerequirements under the 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
KRG TELEVISION LIMITED
ORDER
(Section 144)
WHEREAS the securitiesof KRG Television Limited (the "Reporting Issuer")Currently are subject to a Temporary Order (the "TemporaryOrder") made by a Manager on behalf of the Ontario SecuritiesCommission (the "Commission"), pursuant to paragraph2 of subsection 127(1) and subsection 127(5) of the Act, onMarch 5, 2002 as extended by a further order (the "ExtensionOrder") of a Manager made on March 15, 2002, on behalfof the Commission pursuant to subsection 127(8) of the Act,that trading in securities of the Reporting Issuer cease untilthe Temporary Order, as extended by the Extension Order, isrevoked by a further Order of Revocation;
AND WHEREAS the TemporaryOrder and Extension Order were each made on the basis that theReporting Issuer was in default of certain filing requirements;
AND WHEREAS the undersignedManager is satisfied that the Reporting Issuer has remediedits default in respect of the filing requirements and is ofthe opinion that it would not be prejudicial to the public interestto revoke the Temporary Order as extended by the Extension Order;
NOW THEREFORE, IT IS ORDERED,pursuant to section 144 of the Act, that the Temporary Orderand Extension Order be and they are hereby revoked.
June 25, 2002.
"Iva Vranic"