Securities Law & Instruments

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5, AS AMENDED

(the "Act")

AND

IN THE MATTER OF

EGX CANADA INC.

 

REVOCATION ORDER

(Section 144 of the Act)

WHEREAS the Commission issued an order dated October 14, 2008, exempting egX from the requirement to be recognized as an exchange pursuant to section 147 of the Act (Exemption Order);

AND WHEREAS the Exemption Order was issued on the basis of an order granted by the British Columbia Securities Commission (BCSC) on March 14, 2007, recognizing egX as an exchange pursuant to section 24 of the Securities Act, R.S.B.C. 1996, c. 418 (BCSA), subject to certain pre-operating conditions;

AND WHEREAS the BCSC, with the request and consent of egX, revoked its recognition order pursuant to section 171 of the BCSA on April 3, 2009;

AND WHEREAS egX has notified the Commission that, due to its inability to secure adequate financing to commence operation as an exchange, it:

(i) has effectively ceased developing its exchange business as set out in the business plan filed with its application for exemption from recognition as an exchange; and

(ii) it will not commence exchange operations until sufficient financing is secured;

AND WHEREAS egX has requested the Commission to revoke the Exemption Order;

AND WHEREAS the Commission has determined that revocation of the Exemption Order would not be prejudicial to the public interest;

THE COMMISSION hereby revokes the Exemption Order pursuant to section 144 of the Act.

DATED May 21, 2009.

"Lawrence E. Ritchie"

"Mary Condon"