| THE SECURITIES ACT | ) |
Order No. 5886 |
) |
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| Section 144(1) | ) |
April 8, 2009 |
MOMENTAS CORPORATION, HOWARD RASH, and ALEXANDER FUNT
WHEREAS:
(A) On July 23, 2007, the Ontario Securities Commission ("OSC") issued an order ("OSC Order") against Momentas Corporation, Howard Rash and Alexander Funt;
(B) On March 11, 2009, The Manitoba Securities Commission ("Commission") issued a Notice of Hearing ("Notice") giving notice of its intention to hold a hearing to consider whether or not it was in the public interest to grant orders pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended ("Act") with respect to Momentas Corporation, Howard Rash and/or Alexander Funt;
(C) On April 8, 2009, staff of the Commission appeared before a panel to request an order pursuant to section 144(1) as to service upon Momentas Corporation;
(D) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, 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 144(1)(c) of the Act, all documents in this matter may be served on the respondent Momentas Corporation ("MOMENTAS") by delivery:
(a) via registered mail addressed to Howard Rash at 16D – 61 Yorkville Avenue, Toronto, Ontario, M5R 1B7; or
(b) via registered mail addressed to Alexander Funt at 301 – 18 Lower Village Gate, Toronto, Ontario, M5P 3M1;
and that service on MOMENTAS shall be effective as of the date of delivery.
2. THAT this hearing matter as against all respondents be adjourned to June 10, 2009 at 9:00 a.m.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement