| THE SECURITIES ACT | ) |
Order No. 6026 |
) |
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| Section 148(1), 148.3 and 19(5) | ) |
November 18, 2009 |
MALSBURY INVESTMENT CORPORATION AND
SHAYNE LORNE MALSBURY
WHEREAS:
(A) On July 30, 2009, the Alberta Securities Commission (“ASC”) issued a decision (“ASC Decision”) against Malsbury Investment Corporation (“MIC”) and Shayne Lorne Malsbury (“MALSBURY”);
(B) On August 14, 2009, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) whether or not it was in the public interest to grant orders with respect to the respondents;
(C) MIC and MALSBURY have each consented to the issuance of this Order and have waived their right to a full hearing;
(D) The Commission is of the opinion that it is in the public interest to make this order.
IT IS ORDERED:
1. THAT, pursuant to section 148(1) of the Act, each of MIC and MALSBURY cease trading in securities and that furthermore pursuant to subsection 19(5) of the Act, subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to each of MIC and MALSBURY until July 30, 2029, except that this order will not preclude MALSBURY from trading in or purchasing securities in an RRSP or RRIF for his benefit, through a registrant who has first been given a copy of this order.
2. THAT, pursuant to section 148.3 of the Act, MALSBURY resign all positions he holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer or both of any issuer until July 30, 2029.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement