BCSC Cease Trade Order

Citation: 2021 BCSECCOM 198

Cease Trade Order

Nicole Altenburg
John Thomas Kupice
(each referred to separately as the Insider)

And

H-Source Holdings Ltd.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

¶ 1 H-Source Holdings Ltd. is a reporting issuer and has not filed:

1. annual audited financial statements for the year ended December 31, 2020, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), and

2. a Form 51-102F1 Management's Discussion and Analysis for the period ended December 31, 2020, as required under Part 5 of NI 51-102

(the required records).

¶ 2 The Insider may have knowledge of, or access to, a material fact or material change regarding H-Source Holdings that has not been generally disclosed.

¶ 3 H-Source Holdings has agreed to file, immediately after this order is granted, the Notice of Default and, if applicable, Default Status Reports, set out in National Policy 12-203 Management Cease Trade Orders.

¶ 4 Under section 164(1) of the Act, the Executive Director orders that all trading by the Insider in the securities of H-Source Holdings cease until:

1. H-Source Holdings files the required records, completed in accordance with the Act and rules, and

2. the Executive Director revokes this order.

¶ 5 May 4, 2021

Anita Cyr, CPA, CA
Manager, Financial Reporting
Corporate Finance

Original