Temporary Order: In the Matter of Lyndz Pharmaceuticals Inc. et al.
R.S.O. 1990, c. S.5, AS AMENDED
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IN THE MATTER OF LYNDZ PHARMACEUTICALS INC.,
LYNDZ PHARMA LTD., JAMES MARKETING LTD.,
MICHAEL EATCH and RICKEY MCKENZIE
TEMPORARY ORDER
Section 127(1) & 127(5)
WHEREAS on December 4, 2008, the Ontario Securities Commission (the “Commissionâ€) ordered pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Actâ€) that immediately for a period of 15 days from the date thereof: (a) all trading in securities of Lyndz Pharmaceuticals Inc. shall cease; (b) all trading in securities by the Respondents shall cease; and (c) the exemptions contained in Ontario securities law do not apply to the Respondents (the “Temporary Orderâ€);
AND WHEREAS on December 8, 2008, the Commission issued a Notice of Hearing, accompanied by Staff’s Statement of Allegations;
AND WHEREAS on December 17, 2008, the Temporary Order was continued to February 13, 2009;
AND WHEREAS on February 13, 2009, the Temporary Order was continued to April 22, 2009;
AND WHEREAS on April 21, 2009, a hearing was held in this matter;
AND WHEREAS counsel for Michael Eatch, Rickey McKenzie, Lyndz Pharmaceuticals Inc. and James Marketing Ltd. have consented to the continuation of the Temporary Order;
AND WHEREAS Lyndz Pharma Ltd did not appear;
AND UPON RECEIVING submissions from counsel for Staff of the Commission ("Staff");
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT pursuant to s. 127(8) of the Act, the Temporary Order is continued to July 7, 2009; and,
IT IS FURTHER ORDERED THAT this matter is adjourned to July 6, 2009, at 10:00 am.
DATED at Toronto this 21st day of April, 2009
Wendell S. Wigle
Wendell S. Wigle, Q.C. |
“Suresh Thakrar”
Suresh Thakrar |