Order: In the Matter of Sextant Capital Management Inc. et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
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IN THE MATTER OF
SEXTANT CAPITAL MANAGEMENT INC.,
SEXTANT CAPITAL GP INC., OTTO SPORK, KONSTANTINOS
EKONOMIDIS, ROBERT LEVACK AND NATALIE SPORK
WHEREAS following the release of the Reasons for Decision dated May 17, 2011 on the hearing on the merits, a sanctions hearing (the “Sanctions Hearing”) was set down to be heard on September 22 and 23, 2011;
AND WHEREAS by order dated September 20, 2011, the Sanctions Hearing was adjourned on consent to December 7, 2011;
AND WHEREAS Groia & Company Professional Corporation (“Groia & Company”), the lawyers of record for the Respondents, Otto Spork, Natalie Spork and Konstantinos Ekonomidis (the “Respondents”), brought a motion seeking leave to be removed as lawyers of record for the Respondents;
AND WHEREAS on November 18, 2011, the Commission ordered that Groia & Company be removed as lawyers of record for the Respondents (upon filing with the Commission confirmation of service of the order on the Respondents);
AND WHEREAS on November 24, 2011, Rosen Naster LLP was appointed as lawyers of record for the Respondents;
AND WHEREAS counsel for the Respondents has requested an adjournment of the Sanctions Hearing, and Staff consents to this request;
AND WHEREAS the Commission considers it in the public interest to make this order;
IT IS ORDERED that the Sanctions Hearing scheduled for December 7, 2011 is adjourned, on consent, to April 18, 2012 at 10:00 a.m..
DATED at Toronto this 5th day of December, 2011.
James D. Carnwath