Decisions

CW SHAREHOLDINGS INC., et .al. [Decision]

BCSECCOM #:
Document Type:
Decision
Published Date:
1998-04-17
Effective Date:
1998-04-08
Details:


COR#98/093

IN THE MATTER OF THE SECURITIES ACT
R.S.B.C. 1996, c. 418

AND

IN THE MATTER OF AN APPLICATION BY CW SHAREHOLDINGS INC.

AND

IN THE MATTER OF WIC WESTERN INTERNATIONAL COMMUNICATIONS LTD.


DECISION OF THE COMMISSION


On April 8, 1998, the Commission held a joint hearing with the Ontario Securities Commission and the Alberta Securities Commission to consider an application by CW Shareholdings Inc. for a cease trading order against the shareholder protection rights plan adopted by WIC Western International Communications Ltd. The Commission has decided that, unless the plan has ceased to be in effect, with respect to the offer dated March 24, 1998, of CW Shareholdings Inc., by 1:00 p.m. Vancouver time on April 20, 1998, an order will issue on April 21, 1998, cease trading the rights provided for in the plan, the distribution and the exercise of the rights and the issuance of any Class B Non-Voting Shares or other securities on the exercise of the rights.

DATED at Vancouver, British Columbia, on April 8, 1998.
FOR THE COMMISSION






Douglas M. HyndmanJoyce C. Maykut, Q.C.
ChairVice Chair


Adrienne R. Wanstall
Member