Order: In the Matter of Brilliante Brasilcan Resources Corp. et al.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
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IN THE MATTER OF
BRILLIANTE BRASILCAN RESOURCES CORP., YORK RIO
RESOURCES INC., BRIAN W. AIDELMAN, JASON GEORGIADIS,
RICHARD TAYLOR AND VICTOR YORK
ORDER
(Subsections 127(1) and (8))
R.S.O. 1990, c. S.5, AS AMENDED
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IN THE MATTER OF
BRILLIANTE BRASILCAN RESOURCES CORP., YORK RIO
RESOURCES INC., BRIAN W. AIDELMAN, JASON GEORGIADIS,
RICHARD TAYLOR AND VICTOR YORK
ORDER
(Subsections 127(1) and (8))
WHEREAS on October 21, 2008, the Ontario Securities Commission (“Commission”) ordered pursuant to subsection 127(1) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that all trading in the securities of Brilliante Brasilcan Resources Corp. (“Brilliante”) shall cease and that Brilliante, York Rio Resources Inc. (“York Rio”) and their representatives, including Brian W. Aidelman (“Aidelman”), Jason Georgiadis, Richard Taylor, and Victor York (“York”) shall cease trading in all securities (the “Temporary Order”);
AND WHEREAS on October 21, 2008, the Commission further ordered pursuant to subsection 127(6) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission;
AND WHEREAS the Commission issued a Notice of Hearing on October 23, 2008 to consider, among other things, whether to extend the Temporary Order;
AND WHEREAS on November 4, 2008 at 10:00 am, the Commission held a hearing, Staff attended and advised that counsel for York Rio and counsel for York had requested an adjournment of the hearing and were consenting to the extension of the Temporary Order until November 14, 2008, Aidelman attended personally and on behalf of Brilliante, consented to the adjournment request and to the extension of the Temporary Order and none of the other Respondents attended;
AND WHEREAS the Commission is satisfied that reasonable steps have been taken by Staff to give all Respondents notice of the hearing and all Respondents, other than Richard Taylor, have been duly served with such notice;
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest;
AND WHEREAS satisfactory information has not been provided by the Respondents to the Commission;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
AND WHEREAS by Commission order made April 1, 2008 pursuant to section 3.5(3) of the Act, any one of W. David Wilson, James E.A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of the Act;
IT IS ORDERED pursuant to subsection 127(8) of the Act that the hearing is adjourned to November 14, 2008 at 10:00 am;
IT IS FURTHER ORDERED pursuant to subsection 127(8) of the Act that the Temporary Order is extended until the close of business November 14, 2008 unless further extended by order of the Commission.
Dated at Toronto this 4th day of November, 2008
" James E. A. Turner "
James E. A. Turner |