R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE "ACT")
IN THE MATTER OF
YBM MAGNEX INTERNATIONAL INC.
WHEREAS on May 13, 1998, the Ontario Securities Commission (the"Commission") issued a temporary order (the "Temporary Cease Trading Order")pursuant to Sections 127(1) and (5) of the Securities Act R.S.O. 1990 c. S. 5, asamended (the "Act") ordering that trading in any securities of YBM MagnexInternational Inc. ("YBM") immediately cease for a period of fifteen days from the dateof the Temporary Cease Trading Order, unless extended by order of the Commission;
AND WHEREAS on May 26, 1998, the Commission issued a Notice of Hearingand related Statement of Allegations of Staff in connection with the Temporary CeaseTrading Order, giving notice that the Commission will hold a hearing (the "YBMHearing") pursuant to Section 127 of the Act at its offices on the 8th Floor, 20 QueenStreet West, Toronto, Ontario commencing on May 28, 1998 at 9:30 a.m. or so soonthereafter as the hearing can be held;
AND WHEREAS on May 28, 1998, the Commission issued an order, pursuant toSection 127(7) of the Act, that the Temporary Cease Trading Order be extended andthat trading in any securities of YBM continue to cease until the YBM Hearing isconcluded, and the Commission further ordered that the YBM Hearing is adjourned toJune 12, 1998;
AND WHEREAS on June 12, 1998, the Commission announced that the YBMHearing will proceed on August 10, 1998;
AND UPON BEING ADVISED that Staff and counsel for YBM consent to anorder by the Commission to adjourn the YBM Hearing to August 19, 1998;
IT IS HEREBY ORDERED that the YBM Hearing is adjourned to August 19,1998 at 10:00 a.m. in the Large Hearing Room on the 8th Floor, 20 Queen Street West,Toronto, Ontario or so soon thereafter as the hearing can be held.
August 6th, 1998.
"Morley P. Carscallen"