STATE OF ARKANSAS
|IN THE MATTER OF||ORDER EXTENDING|
|ROUND LAKE CO-OP GIN||ORDER NO. 99-008-S|
FINDINGS OF FACT
By letter dated March 25, 1999, Round Lake Co-Op Gin ("Issuer") submitted a proof of exemption filing for an offering of certain securities pursuant to Ark. Code Ann. Section 23-42-503(c) of the Arkansas Securities Act (the "Act").
All documents, information and fees required to complete said proof of exemption filing were submitted and the effective date of the exemption was March 30, 1999.
Round Lake Co-Op Gin has requested that the period of exemption be extended for a period of five (5) years from the effective date.
CONCLUSIONS OF LAW
Section 23-42-503(d)(4) of the Act provides that the Commissioner may by order extend the period of effectiveness of an exemption filing for a time not to exceed five years.
All documents, information and fees necessary to claim an exemption pursuant to Section 23-42-503(a)(4) of the Act were filed with the Department, and it appears that no public interest would be served by requiring Round Lake Co-Op Gin to make the same exemption filing each year provided no change in the offering is made, and such repeated filing is not necessary for the protection of investors.
IT IS THEREFORE ORDERED that the period of effectiveness for the proof of exemption filed by Round Lake Co-Op Gin is hereby extended to March 31, 2004.
WITNESS MY HAND AND SEAL this 2nd day of April, 1999.