"'.,S'r\ COI..U1t BRITISH COLUMBIA ~ ~."i ~ UTILITIES COMMISSION CJ:J j.\~'vv )~\ 17 ,,~ ,'.-'::w~ It~~ r· "n)". .rJ' c { X I " ~\ .... 4""~\;' ~ -< -\ -/ ~ '.~ -" ,' " " \ ' " .i ,: : . : . -~3 q 0 j ORDER ~~ ... ",0 S CO~"" NUMBER G-63-86 PROVINCE OF BRITISH COLUMBIA BRITISH COLUMBIA UTILITIES COMMISSION IN THE MATTER OF the utilities Commission Act, S.B.C. 1980, c. 60, as amended and IN THE MATTER OF an Application by Vancouver Island Gas Company Ltd. BEFORE: M. Taylor, Chairman; J.D.V. Newlands, Deputy Chairman~ D.B. Kilpatrick, October 10, 1986 Commissioner; and N. Martin, Commissioner o R D E R WHEREAS pursuant to Section 61 of the Utilities Commission Act (lithe Act"), Vancouver Island Gas Company Ltd. ("Vigas") applied October 1, 1986 for Commission approval of the consolidation of all of its 7,248,255 issued Common Shares, w.ithout par value, into 144 Common Shares, without par value; and WHEREAS the said consolidation will also result in the present authorized capital of 10 million Common Shares without par value becoming 200 Common Shares without par value; and WHEREAS the stated reason for the consolidation is to provide to ICG Utilities (Canada) Ltd., the nominal owner of 97.6% of the outstanding Common Shares, flexibility in its business dealings and operations; and WHEREAS the Commission has considered the Application and is satisfied with the intent thereof. . .. /2 FOuRTH FLOOo. 800 S~lTHE STPEET VA~COUVER 8 v6Z 2E~ CANAD~, TE;"EPI-"O~E 16(4) 660·470C TELEX 04<:>4536
NOW THEREFORE the Commission hereby orders Vancouver Island Gas Company Ltd. as follows: 1. The conversion of the Common Shares, without par value, is approved, to result in the following: Authorized Common Share Capital Issued Common Share Capital DATED at the City of Vancouver, in the Province of British Columbia, this 17/~ day of October, 1986. BRITISH COLUMBIA UTILITIES COMMISSIO~ ORDER 2 NUMBER G-63-86 200 shares 144 shares BY ORDER C J hairm I an *
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