BCSC

Decisions

Bradley Jay Orloski [Sec. 153]

BCSECCOM #:	Document Type: Sec. 153
Published Date: 1992-11-20	Effective Date: 1992-11-16
Details:

IN THE MATTER OF the Securities Act, S.B.C. 1985, chapter 83
AND IN THE MATTER OF Bradley Jay Orloski

Variation Order Under Section 153

W.D. Nesmith

November 16, 1992

ORDER:-- WHEREAS on July 15, 1992, the Superintendent of Brokers (the "Superintendent") ordered under section 144 of the Securities Act, S.B.C. 1985, c. 83 (the "Act") that, among other things, the exemptions described in sections 30 to 32, 55, 58, 80 and 81 of the Act do not apply to Bradley Jay Orloski ("Orloski") for a period of five years (the "Order");

AND WHEREAS Orloski has applied to the Superintendent to vary the Order to allow Orloski to dispose of certain securities specified below (the "Shares") which were acquired prior to and are unrelated to the Order;

The Shares

15,000		common shares of Golden News Resources Inc.
4,500		common shares of Sanfred Resources Ltd.
200,000		common shares of Western Premium Resources Corp.
10,000		common shares of Grizzly Creek Resources Ltd.
4,000		common shares of Manus Industries Inc.
2,500		common shares of Oropex Minerals Inc.
3,000		common shares of Orion Enterprises Inc.;

AND WHEREAS the Superintendent considers that it would not be prejudicial to the public interest to do so;

NOW THEREFORE the Superintendent orders under section 153 of the Act that the Order be varied to permit Orloski to trade in the Shares provided that:

1.		any trades in the Shares are completed through one registered dealer and not later than February 28, 1993;
2.		before any of the Shares are traded Orloski advise the Superintendent of the name of the registered dealer and deliver to the registered dealer a copy of this variation order;
3.		Orloski apply proceeds of any sale of the Shares first toward amounts owing to the Minister of Finance and Corporate Relations;
4.		no unusual effort is made to prepare the market or to create a demand for the Shares;

5.		no extraordinary commission or other consideration is paid in respect of trades of the Shares; and
6.		Orloski provide to the Superintendent, as soon as possible, copies of confirmation slips relating to any trades in the Shares.

W.D. NESMITH
Superintendent of Brokers