Order: Ontario Securities Commission v St-Jean

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

March 13, 2025

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 a motion by the Ontario Securities Commission to extend a temporary order of the Commission dated July 29, 2024, and extended by the Tribunal on August 9, 2024;

ON READING the materials filed by the representatives for 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., consent to the motion being heard in writing and do not oppose the extension of the temporary order;

IT IS ORDERED THAT:

1. pursuant to ss. 127(1)2, 127(1)3, and 127(8) of the Securities Act, until the earlier of 1) 20 days after the issuance of an Application for Enforcement Proceeding naming any of St-Jean, AETOS, 712 Canada, and 879 Canada as a respondent, or 2) 6 months after the issuance of this Order:
   1. all trading in securities of AETOS, 712 Canada, and 879 Canada shall cease;
   2. trading in any securities by St-Jean, AETOS, 712 Canada, 879 Canada, 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, AETOS, 712 Canada, or 879 Canada; and
2. prior to the expiry of this Order, and on at least 10 days notice to the Commission, the respondents may bring a motion under section 32 of the Capital Markets Tribunal Rules of Procedure to vary the terms of this Order.

“M. Cecilia Williams”
M. Cecilia Williams