Proceedings

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

AND

IN THE MATTER OF

IAN MACDONALD, J. ROBERT LEE, ROBERT STURGESS,
DON WEST, JOHN KYLE, GARY KIRSH, DAN DEAR, BILL E. DUKE,
TRI-LEE CAPITAL LTD., TRICAPITAL MANAGEMENT LIMITED,
PETALS DÉCOR LTD., DOUG CAKEBREAD, ULDIS STEINBACHS, JACK LEE,
ALAN LIPSZYC, FRANK PRINCIPE, DOUG MATTON, BILL DYE, ROGER LUK,
DAVID LUCAS, JOE NANNA AND J&K SALES

NOTICE OF HEARING
(Section 127)

 

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold ahearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the"Act") at

20 Dundas Street West, 7th floor, Hearing Room D (offices of the Alcohol and GamingCommission), Toronto, Ontario commencing on the 21st day of June, at 2:00pm.

TO CONSIDER whether, pursuant to section 127(1) of the Act, it is in the publicinterest for the Commission to make an order:

(i) that trading, whether direct or indirect, in securities of The Versatech Group Inc. byany of the respondents cease permanently or for such period as the Commission maydetermine; and/or

(ii) such other order as the Commission may deem appropriate;

BY REASON OF the allegations set out in the Statement of Allegations of Staff of theCommission and such additional allegations as the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceeding may be representedby counsel if that party attends or submits evidence at the hearing;

AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time andplace aforesaid, the hearing may proceed in the absence of that party and such party is notentitled to any further notice of the proceeding.

June 7th, 2000.

"John Stevenson"