Order: In the Matter of MI Capital Corporation and One Capital Corp. Limited

Order
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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

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IN THE MATTER OF
MI CAPITAL CORPORATION and ONE CAPITAL CORP. LIMITED

ORDER
(Rule 11 of the Commission’s Rules of Procedure, 35 O.S.C.B. 10071)



    WHEREAS on February 13, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to subsections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), in connection with a Statement of Allgeations filed by Staff of the Commission (“Staff”) on February 12, 2013, in respect of MI Capital Corporation (“MI Capital”) and One Capital Corp. Limited (“One Capital”) (together, the “Respondents”);

    AND WHEREAS on February 28, 2013, the Commission heard an application by Staff to convert this matter to a written hearing, in accordance with Rule 11.5 of the Commission’s Rules of Procedure (2012), 35 O.S.C.B. 10071 (the “Rules of Procedure”);

    AND WHEREAS the Respondents did not appear, although properly served as evidenced by the affidavit of Lee Crann sworn February 14, 2013;

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

    IT IS HEREBY ORDERED that:

  1. Pursuant to Rule 11 of the Rules of Procedure, Staff’s application to proceed by way of written hearing is granted;
  2. Staff’s material in respect of the hearing shall be served and filed no later than March 4, 2013;
  3. The Respondents’ responding materials, if any, shall be served and filed no later than March 11, 2013; and
  4. At the discretion of the panel, the Commission may recall the parties at a future date to make oral submissions and/or provide supplementary evidence.

    DATED at Toronto this 28th day of February, 2013.

 

" James E. A. Turner "
James E. A. Turner