Notice from the Office of the Secretary - IN THE MATTER OF THE SECURITIES ACT R.S.O. 1990, c. S.5, AS AMENDED - AND - IN THE MATTER OF QUADREXX ASSET MANAGEMENT INC., QUADREXX SECURED ASSETS INC., OFFSHORE OIL VESSEL SUPPLY SERVICES LP, QUIBIK INCOME FUND AND QUIBIK OPPORTUNITY FUND

Feb 05, 2013, 12:06 ET from Ontario Securities Commission

TORONTO, Feb. 5, 2013 /CNW/ - The Office of the Secretary issued a Notice of Hearing on February 4, 2013 in the above named matter setting the matter down to be heard on February 6, 2013 at 12:00 p.m. to consider whether, in the opinion of the Commission, it is in the public interest, pursuant to subsections 127(1), (2), (4), (5), (6), (7) and (8) of the Act, for the Commission to issue a temporary order or an order that:

(a)     all trading cease in the securities of Quadrexx Asset Management Inc. ("Quadrexx"), Quadrexx Secured Assets Inc. ("QSA"), Offshore Oil Vessel Supply Services LP ("OOVSS"), Quibik Income Fund ("QIF") and Quibik Opportunity Fund ("QOF");
(b)     the registration of Quadrexx as a dealer in the category of an exempt market dealer be suspended;
(c)     terms and conditions be imposed on the registration of Quadrexx as an adviser in the category of portfolio manager and as an investment fund manager as set out in Schedule "A" to this Notice of Hearing or such other terms and conditions as the Commission deems appropriate;
(d)     in the alternative to paragraph (c), the registration of Quadrexx as an adviser in the category of portfolio manager and as an investment fund manager be suspended; and
(e)     such other orders as the Commission deems appropriate.

The hearing will be held at the temporary offices of the Commission at ASAP Reporting Services Inc., 333 Bay Street, Suite 900, Toronto, Ontario.

A copy of the Notice of Hearing dated February 4, 2013 is  available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

SOURCE Ontario Securities Commission