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S EC UR IT I E S
C OMM I SS ioN
THE SECURITIES ACT
Order No. 6326
Section 148 and 148.3
June 1, 2011
SOLARA TECHNOLOGIES INC.
and WILLIAM DORN BEATTIE
WHEREAS:
(A)
On
March
9, 2011
the
British
Columbia
Securities
Commission
("BCSC") issued a Variation Order, varying an earlier Decision of the BCSC dated
June 23, 2010, against Solara Technologies Inc. ("SOLARA") and William Dorn
Beattie ("BEAniE") ;
(B)
On
April
15,
2011 ,
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 SOLARA and BEATTIE ('" respondents");
(C)
The respondents have each consented to the issuance of this order
and have waived each of their respective rights 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 of the Act , SOLARA cease trading in
securities indefinitely.
2.
THAT, pursuant to section 148 of the Act , BEATTIE cease trading in
securities until June 23. 2015, except that other than securities of Solara AdWorks,
BEATTIE may trade for his own account through a registrant , if he gives the
registrant a copy of this order .
3.
THAT, pursuant to section 148.3 of the Act, BEATTIE resign any
position he holds as a director or officer of any issuer and be prohibited until June
23. 2015 from acting as a director or officer of any issuer. other than SOLARA,
Solara AdWorks, and any issuer all the securities of which are owned beneficially by
him or members of his immediate family
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4,
THAT,
notwithstanding
AdWorks.
and
BEATTIE
may
engage
solicitation, and negotiation , for the purpose of obtaining financing for SOLARA's
and Solara AdWorks' business, provided that they seek an appropriate variation
order from this Commission before selling securities.
BY ORDER OF THE COMMISSION
Page 2
paragraphs
1
and
2,
SO LARA,
Solara
in
conduct.
including
advertisement.
r, Legal and Enforcement
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