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ARCHIVED - Broadcasting Decision CRTC 2002-135

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Broadcasting Decision CRTC 2002-135

Ottawa, 8 May 2002

O. K. Radio Group Ltd.
Grande Prairie, Fort McMurray, Tar Island, Alberta and Victoria and Sooke, British Columbia

Application 2002-0215-1

Corporate Reorganization of O. K. Radio Group Ltd.

1.

The Commission approves the above-noted application for authority to effect a corporate reorganization of O. K. Radio Group Ltd., licensee of the following radio programming undertakings:

  • CFGP-FM Grande Prairie
    and its transmitter CFGP-FM-1 Peace River;
  • CKYX-FM Fort McMurray;
  • CJOK-FM Fort McMurray
    and its transmitter CJOK-FM-1 Tar Island;
  • CKKQ-FM Victoria
    and its transmitter CKKQ-FM-1 Sooke; and
  • CJZN-FM Victoria
    and its transmitter CKXM-FM-1 Sooke.

2.

The transaction will be implemented through the transfer of 43 Class A common shares (30.07%) from R. Stuart Morton to Wind Mountain Holdings.

3.

The Commission notes that the licensee has proceeded with the transaction prior to obtaining its approval. The licensee is reminded that it must abide by section 11(4) of the Radio Regulations, 1986 at all times.

4.

The ownership of O. K. Radio Group Ltd. following this transaction is described in the appendix to this decision.

Secretary General

This decision is to be appended to each licence. It is available in alternative format upon request, and may also be examined at the following Internet site: www.crtc.gc.ca

 

Appendix to Broadcasting Decision 2002-135

 

O. K. Radio Group Ltd.

Shareholders

Type

# held

% of vote

Roger Charest

Class A

96

67.13

Wind Mountain Holdings Ltd.

Class A

43

30.07

François Charest

Class A

3

2.10

Linda Charest

Class A

1

0.70

Jean Charest

Class B Preferred

9.5

N/A

Roger Charest

Class B Preferred

9.5

N/A

Linda Charest

Class B Preferred

1

N/A


 

Wind Mountain Holdings Ltd.

Names

Type

# held

% of vote

Stuart Morton

Class A Common

10,000

2.70

Stuart Morton

Class C Common

25

0.01

Janet Morton

Class C Common

25

0.01

Morton Family Trust

Class D Common

50

0.01

Stuart Morton

Class E Preferred

360,000

97.27


Date Modified: 2002-05-08

Date modified: