| THE SECURITIES ACT | ) |
Order No. 2882 |
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| Section 148 | ) |
March 1, 2000 |
SEMI-TECH CORPORATION
WHEREAS:
(A) By Order No. 2811 (the "Order") of The Manitoba Securities Commission (the "Commission") dated February 16, 2000, issued pursuant to section 148(1) of The Securities Act (the "Act"), trading in the securities of Semi-Tech Corporation (the "Issuer") was directed to cease forthwith for a period of fifteen days from February 16, 2000 until March 1, 2000 the failure of the Issuer to file with the Commission a copy of its Annual and Interim financial statements (the "Financial Statements") for the year / quarterly periods ended March 31, 1999, December 31, 1998, June 30, 1999 and September 30, 1999 as required by sections 120(1) Annual and 129(5) Interim of the Act;
(B) A copy of the Financial Statements has not yet been filed with the Commission;
(C) On the basis of the foregoing, I am of the opinion that it is in the public interest that the direction to cease trading in the securities of the Issuer set out in the Order should be extended until such time as the Issuer complies with the requirements of Part XII of the Act.
I HEREBY ORDER pursuant to a delegation to me by the Commission under subsection 4(1) of the Act of the powers in that behalf:
1. THAT, pursuant to section 148(1) of the Act, the direction to cease trading in the securities of the Issuer set out in the Order is hereby extended until such time as:
(a) the Issuer becomes current in its filings with the Commission under Part XII of the Act and pays all outstanding fees to the Commission; and
(b) the Issuer submits a written request to the Commission to have this order revoked.
Director