Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

- and -

IN THE MATTER OF

Firestar Capital Management Corp.,
Kamposse Financial Corp., Firestar Investment Management Group,
Michael Ciavarella and Michael Mitton

TEMPORARY ORDER

(Section 127)

      WHEREAS on December 10, 2004 the Ontario Securities Commission issued a Notice of Hearing pursuant to s.127 of the Securities Act, R.S.O. 1990, c.S.5, to consider whether it is in the public interest to extend the Temporary Orders made on December 10, 2004 ordering that trading in shares of Pender International Inc. by Firestar Capital Management Corp., Kamposse Financial Corp., Firestar Investment Management Group, Michael Mitton, and Michael Ciavarella cease until further order by the Commission;

      AND WHEREAS on December 17, 2004, the Commission ordered that the hearing to consider whether to extend the Temporary Orders should be adjourned until February 4, 2005 at 10:00 a.m.; 

      AND WHEREAS on December 17, 2004 the Commission ordered that the Temporary Orders issued on December 10, 2004 as against Firestar Capital Management Corp., Kamposse Financial Corp., Firestar Investment Management Group, and Michael Ciavarella should be extended until the hearing on February 4, 2005, or until further order of the Commission, on the condition that Staff issue a Notice of Hearing and Statement of Allegations in this matter prior to December 24, 2004;

      AND WHEREAS on December 17, 2004 the Commission ordered that the Temporary Order issued on December 10, 2004 as against Michael Mitton should be extended and expanded such that Michael Mitton shall not trade in any securities until the hearing on February 4, 2005, or until further order of the Commission, on the condition that Staff issue a Notice of Hearing and Statement of Allegations in this matter prior to December 24, 2004;  

      AND WHEREAS a Notice of Hearing and Statement of Allegations was issued on December 21, 2004;

      AND WHEREAS on February 2, 2005, the Commission adjourned the hearing to consider whether to continue the Temporary Cease Trade Orders until May 26, 2005.

      AND WHEREAS Firestar Capital Management Corp., Kamposse Financial Corp., Firestar Investment Management Group, Michael Ciavarella and Michael Mitton consent to the making of this order;

      IT IS ORDERED that the hearing to consider whether to continue the Temporary Cease Trade Orders is adjourned to June 29 and 30, 2005;  

      IT IS ORDERED that the Temporary Cease Trade Orders continued on December 17, 2004 as against Firestar Capital Management Corp., Kamposse Financial Corp., Firestar Investment Management Group, and Michael Ciavarella are further continued until June 30, 2005, or until further order of this Commission;

      IT IS ORDERED that the Temporary Cease Trade Order continued and expanded on December 17, 2004 as against Michael Mitton is further continued until June 30, 2005, or until further order of this Commission;

 

      DATED at Toronto this 9th day of March, 2005.

”Paul M. Moore”
Paul M. Moore, Q.C.