OSC Bulletin
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The Ontario Securities Commission OSC Bulletin January 16, 2020 Volume 43, Issue 3 (2020), 43 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 42707999 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission. Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.). Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Printed in the United States by Thomson Reuters. © Copyright 2020 Ontario Securities Commission ISSN 0226-9325 Except Chapter 7 ©CDS INC. One Corporate Plaza Customer Support 2075 Kennedy Road 1-416-609-3800 (Toronto & International) Toronto, Ontario 1-800-387-5164 (Toll Free Canada & U.S.) M1T 3V4 Fax 1-416-298-5082 (Toronto) Fax 1-877-750-9041 (Toll Free Canada Only) Email [email protected] Table of Contents Chapter 1 Notices ..................................................... 617 Chapter 5 Rules and Policies .................................. (nil) 1.1 Notices ............................................................ 617 1.1.1 Money Gate Mortgage Investment Corporation Chapter 6 Request for Comments .......................... (nil) et al. – s. 127(1) – Notice of Correction ........... 617 1.1.2 OSC Staff Notice 11-742 (Revised) – Chapter 7 Insider Reporting .................................... 651 Securities Advisory Committee ..........................618 1.2 Notices of Hearing ......................................... (nil) Chapter 9 Legislation ............................................... (nil) 1.3 Notices of Hearing with Related Statements of Allegations ............................. 619 Chapter 11 IPOs, New Issues and Secondary 1.3.1 Paul Se Hui Oei and Canadian Manu Financings ............................................... 839 Immigration & Financial Services Inc. – ss. 127(1), 127(10) ........................................... 619 Chapter 12 Registrations ........................................... 843 1.4 Notices from the Office 12.1.1 Registrants ....................................................... 843 of the Secretary .............................................. 624 1.4.1 Paul Se Hui Oei and Canadian Manu Chapter 13 SROs, Marketplaces, Immigration & Financial Services Inc. .............. 624 Clearing Agencies and 1.4.2 BDO Canada LLP ............................................. 624 Trade Repositories ................................. (nil) 1.4.3 Money Gate Mortgage Investment Corporation 13.1 SROs ............................................................... (nil) et al. ................................................................. 625 13.2 Marketplaces .................................................. (nil) 1.4.4 David Randall Miller ......................................... 625 13.3 Clearing Agencies ......................................... (nil) 1.5 Notices from the Office 13.4 Trade Repositories ........................................ (nil) of the Secretary with Related Statements of Allegations ............................ (nil) Chapter 25 Other Information ................................... (nil) Chapter 2 Decisions, Orders and Rulings .............. 627 Index .................................................................. 845 2.1 Decisions ........................................................ 627 2.1.1 Melcor Real Estate Investment Trust ............... 627 2.1.2 Vertex One Asset Management Inc. et al. ........ 629 2.1.3 AGF Investments Inc. ....................................... 635 2.1.4 Globevest Capital Ltd. and Globevest Capital Secured Put Writing Fund .................... 638 2.2 Orders.............................................................. 640 2.2.1 Barkerville Gold Mines Ltd. ............................... 640 2.2.2 First Capital Realty Inc. .................................... 642 2.2.3 First Capital Realty Inc. – s. 1(6) of the OBCA . 646 2.2.4 Partners Real Estate Investment Trust ............. 647 2.2.5 Money Gate Mortgage Investment Corporation et al. ................................................................. 648 2.2.6 David Randall Miller – ss. 127, 127.1 ............... 648 2.3 Orders with Related Settlement Agreements .................................................... (nil) 2.4 Rulings ........................................................... (nil) Chapter 3 Reasons: Decisions, Orders and Rulings .................................................... (nil) 3.1 OSC Decisions ............................................... (nil) 3.2 Director’s Decisions ...................................... (nil) Chapter 4 Cease Trading Orders ............................. 649 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ........................... 649 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ................ 649 4.2.2 Outstanding Management & Insider Cease Trading Orders ...................................... 649 January 16, 2020 (2020), 43 OSCB Chapter 1 Notices 1.1 Notices 1.1.1 Notice of Correction – Money Gate Mortgage Investment Corporation et al. – s. 127(1) Money Gate Mortgage Investment Corporation et al. – s. 127(1) was published at (2020), 43 OSCB 35. The Citation, Date and File No. were incorrect. The text should read as follows: Citation: Money Gate Mortgage Investment Corporation (Re), 2019 ONSEC 40 Date: 2019-12-17 File No. 2017-79 January 16, 2020 (2020), 43 OSCB 617 Notices 1.1.2 OSC Staff Notice 11-742 (Revised) – Securities Advisory Committee REVISED ONTARIO SECURITIES COMMISSION STAFF NOTICE 11-742 SECURITIES ADVISORY COMMITTEE In a Notice published in the OSC Bulletin on November 14, 2019, the Commission invited applications for positions on the Securities Advisory Committee (“SAC”). SAC provides advice to the Commission and staff on a variety of matters including legislative and policy initiatives and important capital markets trends and brings various issues to the attention of the Commission and staff. The Commission was very impressed with the number of highly qualified practitioners who applied for positions on SAC and would like to thank all those who applied. The Commission is pleased to publish the names of the four new members who will be participating on SAC for the next three years: • Rima Ramchandani, Torys LLP • Kathryn J. Daniels, Canada Pension Plan Investment Board • Desmond Lee, Osler, Hoskin & Harcourt LLP • Ora Wexler, Dentons LLP The members of SAC have staggered terms. The continuing members of SAC are: • Margaret Gunawan, BlackRock Asset Management • Barbara Hendrickson, Bax Securities Law • Linda Fuerst, Norton Rose Fulbright Canada LLP • Jennifer F. Longhurst, Davies Ward Phillips Vineberg LLP • Julie Mansi, Borden Ladner Gervais LLP • Leila Rafi, McMillan LLP • Blair Wiley, Wealthsimple Inc. • Deanna Dobrowsky, TMX Group The Commission would like to take this opportunity to thank the four members of SAC, listed below, whose terms have ended and who have served on the Committee with great dedication. Their advice and guidance on a range of issues has been very valuable to the Commission. • Rhonda Goldberg, IGM Financial Inc. • Jeffrey Meade, TD Bank Group • Ron Schwass, Wildeboer Dellelce LLP • Hon. Anita Anand, P.C., M.P., University of Toronto Reference: James Sinclair General Counsel Tel: 416-263- 3870 [email protected] January 16, 2020 (2020), 43 OSCB 618 Notices 1.3 Notices of Hearing with Related Statements of Allegations 1.3.1 Paul Se Hui Oei and Canadian Manu Immigration & Financial Services Inc. – ss. 127(1), 127(10) FILE NO.: 2020-1 IN THE MATTER OF PAUL SE HUI OEI AND CANADIAN MANU IMMIGRATION