Proceedings


IN THE MATTER OF THE SECURITIES ACT,

R.S.O. 1990, C. S.5, AS AMENDED

- AND -

SAXON FINANCIAL SERVICES, SAXON CONSULTANTS, LTD., INTERNATIONAL MONETARY SERVICES , FXBRIDGE TECHNOLOGY, MEISNER CORPORATION, MERCHANT CAPITAL MARKETS, S.A., MERCHANT CAPITAL MARKETS, MERCHANTMARX

- AND -

SIMON BACHUS, JOSEPH CUNNINGHAM, RICHARD CLIFFORD, RYAN CASON, JOHN HALL, DONNY HILL, JEREMY JONES, MARK KAUFMANN, CONRAD PRAAMSMA, JUSTIN PRAAMSMA, SCOTT SANDERS, JACK SINNI, MARC THIBAULT, SEAN WILSON AND TODD YOUNG


NOTICE OF HEARING

(Sections 127(7) & 127(8))


WHEREAS
the Ontario Securities Commission (the "Commission") issued a temporary cease trade order pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") on July 26, 2007 that the Respondents, their officers, directors, employees and/or agents cease trading in all securities (the “Temporary Order”);

AND WHEREAS the Commission further ordered pursuant to subsection 127(6) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission;

TAKE NOTICE THAT the Commission will hold a hearing pursuant to subsections 127(7) and (8) of the Act at the offices of the Commission, 20 Queen Street West, 17th Floor, Large Hearing Room, commencing on August 9 th, 2007 at 10 a.m., or as soon thereafter as the hearing can be held:

TO CONSIDER whether it is in the public interest for the Commission:

  1. to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission;
  2. to make such further orders as the Commission considers appropriate.
BY REASON OF the allegations as set out in the Temporary Order and such further additional allegations and evidence as counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to further notice of the proceeding.



DATED at Toronto this 26th day of July, 2007



"Original signed by John Stevenson"