Proceedings

PDF Version
PDF Version




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

- and -

IN THE MATTER OF
TEODOSIO VINCENT PANGIA
and TRANSDERMAL CORP.


TEMPORARY ORDER
Section 127(7)


      WHEREAS on February 23, 2009, the Ontario Securities Commission (the “Commission”) ordered pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that immediately for a period of 15 days from the date thereof: (a) all trading in securities by Transdermal Corp. (“Transdermal”) shall cease and that all trading in securities of Transdermal shall cease; and (b) all trading in securities by Teodosio Vincent Pangia (“Pangia”) shall cease (the “Temporary Order”);

      AND WHEREAS on February 25, 2009, the Commission issued a Notice of Hearing and Statement of Allegations in this matter;

      AND WHEREAS Transdermal does not oppose the continuation of the Temporary Order until April 7, 2009;

      AND WHEREAS Pangia was aware of Staff’s motion to extend the Temporary Order but did not appear;

      AND UPON HEARING submissions from counsel for Staff of the Commission and from counsel for Transdermal;

      AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

      IT IS ORDERED THAT the Temporary Order is continued until April 8, 2009, or until further order of the Commission;

      AND IT IS FURTHER ORDERED THAT this matter is adjourned until April 7, 2009 at 2:00 pm.

      DATED at Toronto this 9th day of March, 2009.



“Lawrence E. Ritchie”
Lawrence E. Ritchie
“Carol S. Perry”
Carol S. Perry