Order: In the Matter Ronald Mainse

WHEREAS on August 12, 2010, the Commission issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Securities Act”) and sections 60 and 60.1 of the Commodity Futures Act (the “Commodity Futures Act”) in respect of the conduct of, among others, Ronald Mainse (“Ronald”);

AND WHEREAS on August 12, 2010, Staff of the Commission filed a Statement of Allegations in respect of the same matter;

AND WHEREAS Ronald entered into a settlement agreement dated August 4, 2010 (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations;

AND WHEREAS the Commission issued a Notice of Hearing dated August 12, 2010 indicating that it proposed to consider the Settlement Agreement;

UPON reviewing the Settlement Agreement, the Notices of Hearing, the Statement of Allegations, and upon considering submissions from counsel for Ronald and from Staff of the Commission;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

IT IS HEREBY ORDERED, PURSUANT TO SECTIONS 127(1) AND 127.1 OF THE SECURITIES ACT AND SECTIONS 60 AND 60.1 OF THE COMMODITY FUTURES ACT, THAT:

1. the time for service and filing of the Settlement Agreement and all materials filed for the purposes of the Settlement Hearing is abridged;
2. the Settlement Agreement is hereby approved;
3. pursuant to clause 2 of subsection 127(1) of the Securities Act, Ronald shall cease trading in any securities for a period of 8 years, with the exception that Ronald is permitted to trade securities for the account of his registered retirement savings plan account as defined in the Income Tax Act, 1985, c.1 as amended (the “Income Tax Act”);
4. pursuant to clause 2.1 of subsection 127(1) of the Securities Act, Ronald shall cease acquisitions of any securities for a period of 8 years, except acquisitions undertaken in connection with his registered retirement savings plan account (as defined in the Income Tax Act);
5. pursuant to clause 3 of subsection 127(1) of the Securities Act, any exemptions in Ontario securities law do not apply to Ronald for a period of 8 years, except to the extent such exemption is necessary for trades undertaken in connection with his registered retirement savings plan account (as defined in the Income Tax Act);
6. pursuant to clause 3 of section 60(1) of the Commodity Futures Act, any exemptions contained in Ontario commodity futures law do not apply to Ronald for a period of 8 years;
7. pursuant to clause 7 of section 127(1) of the Securities Act and clause 7 of section 60(1) of the Commodity Futures Act that Ronald resign any position that he holds as a director or officer of a reporting issuer;
8. pursuant to clause 8 of section 127(1) of the Securities Act and clause 8 of section 60(1) of the Commodity Futures Act that Ronald be prohibited from becoming or acting as a director or officer of any reporting issuer for a period of 8 years;
9. pursuant to clause 9 of section 60(1) of the Commodity Futures Act that Ronald pay an administrative penalty of CAD 10,000.00 to or for the benefit of third parties in accordance with section 3.4(2)(b) of the Securities Act;
10. pursuant to clause 10 of section 60(1) of the Commodity Futures Act that Ronald disgorge to the Commission CAD 138,176.88 to or for the benefit of third parties in accordance with section 3.4(2)(b) of the Securities Act; and
11. pursuant to section 60.1 of the Commodity Futures Act that Ronald pay the costs of the investigation and the hearing in the amount of CAD 700.00.

Dated at Toronto, Ontario this 13^th day of August, 2010.