Aeroquest International Limited -- s. 1(6) of the OBCA

Order

Headnote

Filer deemed to have ceased to be offering its securities to the public under the OBCA.

Applicable Legislative Provisions

Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. 1(6).

IN THE MATTER OF

THE BUSINESS CORPORATIONS ACT (ONTARIO)

R.S.O. 1990, c. B.16, AS AMENDED

(the OBCA)

AND

IN THE MATTER OF

AEROQUEST INTERNATIONAL LIMITED

(the Applicant)

ORDER

(Subsection 1(6) of the OBCA)

UPON the application of the Applicant to the Ontario Securities Commission (the Commission) for an order pursuant to subsection 1(6) of the OBCA to be deemed to have ceased to be offering its securities to the public;

AND UPON the Applicant representing to the Commission that:

1. The Applicant is an "offering corporation" as defined in the OBCA, and has an authorized capital consisting of an unlimited number of common shares (Common Shares)

2. The head office of the Applicant is located at 7687 Bath Road, Mississauga, Ontario, L4T 3T1.

3. On May 14, 2012, the Applicant completed a plan of arrangement with Geotech Ltd. (Geotech) in accordance with the OBCA pursuant to which Geotech acquired all of the issued and outstanding common shares of the Applicant.

4. As of the date of this decision, all of the outstanding securities of the Applicant, including debt securities, which are beneficially owned, directly or indirectly, are held by Geotech as sole securityholder.

5. The Common Shares have been de-listed from the Toronto Stock Exchange, effective as of the close of trading on May 15, 2012.

6. No securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 -- Marketplace Operation.

7. The Applicant has no intention to seek public financing by way of an offering of securities.

8. The Applicant is not a reporting issuer or the equivalent in any jurisdiction in Canada.

AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest;

IT IS HEREBY ORDERED by the Commission pursuant to subsection 1(6) of the OBCA that the Applicant be deemed to have ceased to be offering its securities to the public for the purpose of the OBCA.

DATED on June 19th, 2012

"Suresh Thakrar"
Commissioner
 
"James D. Carnwath"
Commissioner