Order: In the Matter of Dax Sukhraj

WHEREAS on March 8, 1999, the Ontario Securities Commission (the"Commission") issued a notice of hearing (the "Notice of Hearing") pursuant to Section127(1) of the Securities Act (the "Act") in respect of Dax Sukhraj ("Sukhraj");

AND WHEREAS Sukhraj entered into a settlement agreement dated March 8, 1999(the "Settlement Agreement") in which he agreed to a proposed settlement of theproceeding in respect of the Notice of Hearing, subject to the approval of the Commission;

AND WHEREAS Sukhraj has agreed to the making of this Order on the basis of thefacts set out in Part III of the Settlement Agreement;

AND UPON reviewing the Settlement Agreement and the statement of allegationsof Staff of the Commission, and upon hearing submissions from counsel for Sukhraj andfrom Staff of the Commission;

AND WHEREAS the Commission is of the opinion that it is in the public interest tomake this Order;

IT IS ORDERED THAT:

(1) the Settlement Agreement dated March 8, 1999, attached to this Order, is herebyapproved;

(2) pursuant to clause (6) of subsection 127(1) of the Act, Sukhraj is herebyreprimanded.

March 11^th, 1999.

"Howard I. Wetston"

"J. F. Howard"

"G. P. H. Vernon"