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ARCHIVED -  Decision CRTC 2001-55

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BY FAX: (902) 425-8260

Decision CRTC 2001-55

Ottawa, 9 February 2001

Ms. Catherine Tait
President & C.O.O.
Salter Street Films Limited
1668 Barrington Street
Suite 500
Halifax, Nova Scotia
B3J 2A2

Dear Madam:

Re: Application No. 2001-0288-0 - Approved
Corporate reorganization - A corporate change whereby Salter Street Broadcasting Limited will become the major shareholder of The Independent Film Channel Canada Incorporated, a national digital specialty service

The Commission approves the above noted application for authority to effect a corporate reorganization of The Independent Film Channel Canada Incorporated ("IFCC"). IFCC is to become the licensee of the national digital specialty service that will provide Canadian independent films. The original voting shareholders of IFCC were to be Salter Street Films Limited at 95% and Triptych Media Inc. at 5%. The corporate change will result in Salter Street Broadcasting Limited, a wholly owned subsidiary of Salter Street Films Limited becoming the shareholder of these voting shares.

The Commission notes that Michael and Paul E. Donovan will continue to exercise effective control of Salter Street Films Limited.

The Commission will modify its ownership records to reflect the authorized ownership of Salter Street Films Limited as shown in the attached appendix.

All letters of approval issued by the Commission are made available for public examination at the Commission's central office. The Commission also requires you to append this letter to your licence.

Yours sincerely,

Ursula Menke
Secretary General

Appendix

The Independent Film Channel Canada Incorporated

Shareholder

Type

# held

% of vote

Salter Street Broadcasting Limited

Common

950

95%

Triptych Media Inc.

Common

50

5%

Salter Street Broadcasting Limited

Shareholders

Type

# held

Votes

Salter Street Films Limited

Common

10

100%

Date Modified: 2001-06-28