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 OPPORTUNITIES FUND

TORONTO, March 28, 2013 /CNW/ - The  Commission issued an Order in the above named matter which provides that:

(1)     pursuant to subsection 127(7) of the Act that the portion of the Temporary Order issued under paragraph 1 of subsection 127(1) attaching terms and conditions to the registration of Quadrexx as a PM and as an IFM is extended to May 16, 2013;

(2)     pursuant to subsection 127(8) of the Act that the portion of the Temporary Order issued under paragraph 2 of subsection 127(1) that ordered all trading to cease in the securities of Quadrexx and Quadrexx Related Securities is extended to May 16, 2013;

(3)     that the hearing to: (i) receive an update on the wind-ups of Quadrexx, OOVSS and QSA and the possible transfer of the Managed Accounts, QIF and QOF to Matco Financial Inc.; (ii) consider whether to suspend Quadrexx's registrations as a PM and/or as an IFM; and (iii) consider whether to vary any of the terms of the Temporary Order, will proceed on May 15, 2013 at 10:00 a.m.

A copy of the Order dated March 28, 2013 is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

SOURCE: Ontario Securities Commission