Order: Ontario Securities Commission v St-Jean

Order

ONTARIO SECURITIES COMMISSION

Applicant

- and -

DANIEL ST-JEAN, 7120671 CANADA INC., 8795436 CANADA INC.,
and AETOS GREEN ENERGY DSJ INC.

Respondents

File No. 2024-13

Adjudicator: M. Cecilia Williams

August 9, 2024

ORDER

(Subsections 127(1) and 127(8) of the Securities Act, RSO 1990, c S.5)

WHEREAS the Capital Markets Tribunal held a hearing in writing to consider an application by the Ontario Securities Commission to extend a temporary order dated July 29, 2024;

ON READING the materials filed by the Commission, and on being advised that the respondents, Daniel St-Jean, 7120671 Canada Inc. (712 Canada), 8795436 Canada Inc. (879 Canada), and AETOS Green Energy DSJ Inc. (AETOS), do not oppose the relief sought;

IT IS ORDERED:

  1. pursuant to ss. 127(1)2, 127(1)3, and 127(8) of the Securities Act, that until March 28, 2025:
    1. all trading in securities of 712 Canada, 879 Canada and AETOS shall cease;
    2. trading in any securities by St-Jean, 712 Canada, 879 Canada, AETOS, or by any person on their behalf, including but not limited to any act, advertisement, solicitation, conduct, or negotiation, directly or indirectly in furtherance of a trade, shall cease; and
    3. any exemptions contained in Ontario securities law do not apply to St-Jean, 712 Canada, 879 Canada, or AETOS;
  2. prior to March 28, 2025, and on at least 10 days notice to the Commission, that the respondents may bring a motion under section 32 of the Capital Markets Tribunal Rules of Procedure to vary the terms of this Order; and
  3. the previously scheduled hearing date of August 12, 2024, is vacated.

“M. Cecilia Williams”
M. Cecilia Williams