Proceedings

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF
HUBERT J. MOCKLER, KENNETH J. MURTON,
ROBERT E. BELLAMY, PAUL F. BLACK, MICHAEL W. MANLEY,
FREDERICK KNIGHT, STEPHEN R. SHAVER, FRANCISCO F. VIDAL,
DOUGLAS A. MACKENZIE AND RODERICK CHISHOLM

STATEMENT OF ALLEGATIONS OF STAFF
OF THE ONTARIO SECURITIES COMMISSION

 

Staff of the Ontario Securities Commission ("Staff") make the following allegations:

1. Canuc Resources Corporation ("Canuc") is incorporated under the laws of Canada.Canuc is a reporting issuer in Ontario. Shares of Canuc trade on CDNX.

2. Each of Hubert J. Mockler, Kenneth J. Murton, Robert E. Bellamy, Paul F. Black,Michael W. Manley, Frederick Knight, Stephen R. Shaver, Francisco F. Vidal,Douglas A. Mackenzie and Roderick Chisholm (individually, a "Respondent" andcollectively the "Respondents") is, or was during the financial year of Canuc endedDecember 31, 1999 a director, officer, significant shareholder (beneficial ownershipof 10% or more of the voting rights of Canuc) or individual that has, or may have,access to material undisclosed information.

3. Canuc failed to file annual financial statements for its financial year endedDecember 31, 1999 (the "Financial Statements") on or before May 19, 2000,contrary to subsection 78(1) of the Securities Act (Ontario).

4. By virtue of his/her/its relationship, each Respondent has, or may have access to,information regarding the affairs of Canuc that has not been generally disclosed.

5. It would be prejudicial to the public interest to allow the Respondents to trade in thesecurities of Canuc until such time as all disclosure required by Ontario securitieslaw has been made by Canuc.

6. It is therefore in the public interest for the Commission to order that all trading,whether direct or indirect, in the securities of Canuc by the Respondents cease untilsuch time as Canuc has made all filings it is required to make under Ontariosecurities law.