R.S.O. 1990, c.S.5, AS AMENDED
IN THE MATTER OF
YBM MAGNEX INTERNATIONAL INC.
WHEREAS on May 13, 1998, the Ontario Securities Commission (the "Commission") issued a temporaryorder (the "Temporary Cease Trading Order") pursuant to Sections 127(1) and (5) of the Securities ActR.S.O. 1990 c. S. 5, as amended (the "Act") ordering that trading in any securities of YBM MagnexInternational Inc. ("YBM") immediately cease for a period of fifteen days from the date of the TemporaryCease Trading Order, unless extended by order of the Commission;
AND WHEREAS on May 26, 1998, the Commission issued a Notice of Hearing and related Statement ofAllegations of Staff in connection with the Temporary Cease Trading Order, giving notice that theCommission will hold a hearing (the "YBM Hearing") pursuant to Section 127 of the Act at its offices onthe 8th Floor, 20 Queen Street West, Toronto, Ontario commencing on May 28, 1998 at 9:30 a.m. or sosoon thereafter as the hearing can be held;
AND WHEREAS on May 28, 1998, the Commission issued an order, pursuant to Section 127(7) of theAct, that the Temporary Cease Trading Order be extended and that trading in any securities of YBMcontinue to cease until the YBM Hearing is concluded, and the Commission further ordered that the YBMHearing is adjourned to June 12, 1998;
AND WHEREAS on June 12, 1998, the Commission announced that the YBM Hearing will proceed onAugust 10, 1998;
AND WHEREAS on August 6, 1998 the Commission ordered, on consent, that the YBM Hearing beadjourned to August 19, 1998;
AND WHEREAS upon being advised that Staff and counsel for YBM consent to an order by theCommission to adjourn sine die the YBM Hearing, not to be brought back on by YBM unless and untilYBM has filed with the Commission audited financial statements;
IT IS HEREBY ORDERED that the YBM Hearing is adjourned sine die, not to be brought back on byYBM unless and until YBM has filed with the Commission audited financial statements.
August 17th, 1998
"Morley P. Carscallen"