WINDY RIDGE INVESTMENTS LTD.

WHEREAS:

(A)         On November 23, 2010, the Alberta Securities Commission (“ASC”) issued a Decision against Windy Ridge Investments Ltd. (“WINDY RIDGE”);

(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 WINDY RIDGE;

(C)         This hearing matter came before a panel of the Commission on June 1, 2011;

(D)         Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent WINDY RIDGE, and upon being satisfied as to service upon the respondent WINDY RIDGE, the Commission is of the opinion that it is in the public interest to make this order.

IT IS ORDERED:

1.                            THAT, pursuant to sections 148 and 19(5) of the Act, WINDY RIDGE cease trading in securities and 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 WINDY RIDGE, until and including November 23, 2020.

BY ORDER OF THE COMMISSION

                                                                           Director, Legal and Enforcement