BCSC

Settlements

BCSECCOM #:	Document Type: Agreed Statement
Published Date: 1992-09-04	Effective Date: 1992-08-27
Details:

Defehr (Re)

IN THE MATTER OF the Securities Act, S.B.C. 1985, chapter 83
AND IN THE MATTER OF Barry Defehr

Agreed Statement of Facts and Undertaking

W.D. Nesmith

August 27, 1992

The following agreement has been reached between Barry DeFehr ("DeFehr") and the Superintendent of Brokers (the "Superintendent"):

As the basis for the agreement, DeFehr acknowledges that:

(a)		at all times material to this agreement, DeFehr was president and a director of Nrgex Systems of Canada Inc. ("Nrgex"), which is a non-reporting company incorporated in British Columbia under the Company Act, R.S.B.C. 1979, c. 59; and
(b)		during March 1990, DeFehr caused to be issued correspondence to the shareholders of Nrgex which contained a representation that the shares of Nrgex would be listed and posted for trading on a stock exchange, without the written permission of the Superintendent and in breach of section 35 of the Securities Act, S.B.C. 1985, c. 83 (the "Act").

2.		DeFehr hereby undertakes to comply with the requirements of the Act, the Securities Regulation, B.C. Reg. 270/86 and the policies established from time to time by the British Columbia Securities Commission.
3.		DeFehr hereby undertakes to correspond with each of the shareholders of Nrgex by August 31, 1992, and provide them with a report on the current status of Nrgex and monies invested in Nrgex by the shareholders.
4.		DeFehr hereby agrees to pay to the order of the Minister of Finance and Corporate Relations the sum of $500.
5.		DeFehr waives any right he may have, under the Act or otherwise, to a hearing, hearing and review, judicial review or appeal related to, in connection with or incidental to this agreement.

W.D. NESMITH
Superintendent of Brokers