Securities Law & Instruments

Headnote

Section 144 -- full revocation of cease trade order upon remedying of defaults.

Statutes Cited

Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127 and 144.

IN THE MATTER OF

THE SECURITIES ACT,

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

(the "Act")

AND

IN THE MATTER OF

INTERNATIONAL ROAD DYNAMICS INC.

 

ORDER

(Section 144)

WHEREAS on March 18, 2009, the Director made an order under paragraph 2 and paragraph 2.1 of subsection 127(1) of the Act (the "Permanent Order") that all trading in and acquisitions of the securities of

INTERNATIONAL ROAD DYNAMICS INC. (the "Reporting Issuer")

whether direct or indirect, cease until the Permanent Order is revoked by the Director;

AND WHEREAS the Permanent Order was made on the basis that the Reporting Issuer was in default of certain filing requirements under Ontario securities law;

AND WHEREAS the Reporting Issuer has represented to the Ontario Securities Commission that:

1. the Reporting Issuer is a reporting issuer under the securities legislation of the provinces of British Columbia, Alberta, Ontario and Saskatchewan (the "Reporting Jurisdictions");

2. the Reporting Issuer has filed all outstanding continuous disclosure that is required to be filed under the securities legislation of the Reporting Jurisdictions and has paid all outstanding activity, participation and late filing fees that are required to be paid; and

3. the Reporting Issuer's SEDAR profile and SEDI issuer profile supplement are up-to-date;

AND WHEREAS the Director is of the opinion that it is not prejudicial to the public interest to revoke the Permanent Order;

IT IS ORDERED under section 144 of the Act that the Permanent Order is revoked.

DATED at Toronto this 14th day of May, 2009.

"Jo-Anne Matear"
Assistant Manager, Corporate Finance
Ontario Securities Commission