Order: In the Matter of Sulja Bros. Building Supplies, Ltd. (Nevada) et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA),
SULJA BROS. BUILDING SUPPLIES LTD.,
KORE INTERNATIONAL MANAGEMENT INC.,
PETAR VUCICEVICH AND ANDREW DeVRIES
ORDER
WHEREAS on December 22, 2006, the Ontario Securities Commission (the "Commission") ordered pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") that immediately for a period of 15 days from the date thereof: (a) all trading in securities of Sulja Bros. Building Supplies, Ltd. (Nevada) ("Sulja Nevada") cease; and (b) any exemptions in Ontario securities law do not apply to the Respondents (the "Temporary Order");
AND WHEREAS on December 27, 2006, the Commission issued a Notice of Hearing and Statement of Allegations in this matter;
AND WHEREAS on January 8, 2007, the Temporary Order was extended to March 23, 2007;
AND WHEREAS on March 23, 2007, the Temporary Order was extended to July 5, 2007;
AND WHEREAS on July 5, 2007, the Temporary Order was extended to September 7, 2007;
AND WHEREAS on September 7, 2007, the Temporary Order was extended to October 31, 2007;
AND WHEREAS on October 31, 2007, the Temporary Order was extended to January 22, 2008;
AND WHEREAS on January 22, 2008, the Temporary Order was extended to March 28, 2008;
AND WHEREAS on March 28, 2008, the Temporary Order was extended to May 23, 2008;
AND WHEREAS on May 23, 2008, the Respondents, Sulja Nevada, Sulja Bros. Building Supplies Ltd. ("Sulja Ontario"), Kore International and Petar Vucicevich, consent to the continuation of the Temporary Order;
AND WHEREAS the Respondent, Andrew DeVries, did not appear, though served with notice of this Hearing;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order in order to permit Staff to determine how to proceed in this matter within the period of this extension;
IT IS ORDERED THAT the Temporary Order is extended to June 23, 2008, and the hearing is adjourned to June 23, 2008 at 10:00 a.m.
DATED at Toronto this 23rd day of May, 2008.
James E. A. Turner
Margot C. Howard