Order: In the Matter of Robert Rice et al.
R.S.O. 1990, c. S.5, AS AMENDED (the "Act")
AND
IN THE MATTER OF
ROBERT RICE, GARY LOVIE, MING-KGOK (ROGER) LAM, EDWARD CHAN,GEORGE MITROVICH, L. MURRAY EADES, HERBERT LEE, HARRY H. ROBINSON,and MAUREEN ESPIN
ORDER
(Section 127)
WHEREAS on June 7, 2000 the Ontario Securities Commission (the "Commission")made a temporary order pursuant to subsection 127(5) of the Act, that none of theRespondents shall trade in any securities of Tagalder Incorporated ("Tagalder"), subjectto the terms set out in the order, for a period of 15 days from the date of the order;
AND WHEREAS on June 7, 2000 the Commission issued a Notice of Hearingpursuant to subsection 127(9) of the Act;
AND WHEREAS it appears to the Commission that:
1. Tagalder is incorporated under the laws of Canada and is a reporting issuer in theProvince of Ontario.
2. Each of Robert Rice, Gary Lovie, Ming-Kgok (Roger) Lam, Edward Chan, GeorgeMitrovich, L. Murray Eades, Herbert Lee, Harry H. Robinson, and Maureen Espin(the "Respondents") is, or was during the financial year of Tagalder endedDecember 31, 1999, a director, officer or significant shareholder (beneficialownership of 10% or more of the voting rights of Tagalder) or individual that has,or may have, access to material undisclosed information of Tagalder.
3. Tagalder failed to file annual financial statements for its financial year endedDecember 31, 1999 (the "1999 Financial Statements") on or before May 19, 2000,contrary to subsection 78(1) of the Act.
4. As of the date of this order, Tagalder has not filed its 1999 Financial Statements.
AND WHEREAS the Commission is of the opinion that it is in the public interest tomake this Order;
IT IS ORDERED pursuant to paragraph 2 of subsection 127(1) of the Act that alltrading by the Respondents in the securities of Tagalder shall cease until:
(a) two full business days following the receipt by the Commission of all filingsTagalder is required to make pursuant to Ontario securities law; or
(b) further order of the Commission.
June 21st, 2000.
"J. A. Geller""Morley P. Carscallen"
"R. Stephen Paddon"