Techmire Ltd. - MRRS Decision

Headnote

Mutual Reliance Review System for Exemptive Relief Applications - as a result of a take-over bid and the subsequentcompulsory acquisition procedures, issuer has only one security holder - issuer deemed to have ceased being areporting issuer.

Applicable Ontario Statutory Provisions

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

IN THE MATTER OF

THE SECURITIES LEGISLATION OF

ONTARIO AND QUEBEC

AND

IN THE MATTER OF

THE MUTUAL RELIANCE REVIEW SYSTEM FOR

EXEMPTIVE RELIEF APPLICATIONS

AND

IN THE MATTER OF

TECHMIRE LTD.

MRRS DECISION DOCUMENT

WHEREAS the local securities regulatory authority or regulator (the "Decision Maker") in each of the Provincesof Ontario and Quebec (the "Jurisdictions") has received an application from Techmire Ltd. (the "Filer") for a decisionunder the securities legislation of each of the Jurisdictions (the "Legislation") that the Filer be deemed to have ceasedto be a reporting issuer or the equivalent thereof under the Legislation;

AND WHEREAS under the Mutual Reliance Review System for Exemptive Relief Applications (the "System"),the Ontario Securities Commission is the principal regulator for this application;

AND WHEREAS the Filer has represented to the Decision Maker that:

1. the Filer was continued under the laws of the Province of Ontario on February 28, 2001, is a reporting issuerin each of the Jurisdictions, and is not in default of any of the requirements of the Legislation;

2. the Filer's head office is located in Markham, Ontario;

3. the Filer's issued and outstanding securities consist of 4,368,325 common shares;

4. as a result of a take-over bid and the subsequent compulsory acquisition procedures, all of the issued andoutstanding securities of the Filer are owned by Exco Technologies Limited;

5. the common shares of the Filer were delisted from trading on The Toronto Stock Exchange on January 15, 2001and no securities of the Filer are listed or quoted on any exchange or market;

6. other than the common shares, the Filer has no securities, including debt securities, outstanding; and

7. the Filer does not intend to seek public financing by way of an offering of its securities.

AND WHEREAS under the System, this MRRS Decision Document evidences the decision of each DecisionMaker (collectively, the "Decision");

AND WHEREAS each Decision Maker is of the opinion the test contained in the Legislation that provides theDecision Maker with the jurisdiction to make the Decision has been met;

THE DECISION of the Decision Makers pursuant to the Legislation is that the Filer is deemed to have ceasedto be a reporting issuer or the equivalent thereof under the Legislation.

March 9, 2001.

"John Hughes"