Proceedings

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NOTICE OF CORRECTION

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

IN THE MATTER OF INTERNATIONAL STRATEGIC INVESTMENTS, INTERNATIONAL STRATEGIC INVESTMENTS INC., SOMIN
HOLDINGS INC., NAZIM GILLANI AND RYAN J. DRISCOLL



(2015), 38 O.S.C.B. 5242. In paragraph 18, please delete the final sentence and insert:

In the circumstances of this case, it is appropriate that Driscoll be banned from trading until a period of two years has passed from the date on which he pays the Commission the disgorgement of $66,000, as well as the administrative penalty and costs, assessed later in these reasons.

Further, subparagraphs 22(j), (k), and (l) should be corrected to read:

  1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities by Driscoll shall cease until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in subparagraphs 22(m), (n), and (o);
  2. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Driscoll is prohibited until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in subparagraphs 22(m), (n), and (o);
  3. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Driscoll until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in subparagraphs 22(m), (n), and (o);

AND

(2015), 38 O.S.C.B. 5289. Paragraphs 10, 11, and 12 of the order should be corrected to read:

  1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities by Driscoll shall cease until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in paragraphs (13), (14), and (15);
  2. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Driscoll is prohibited until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in subparagraphs (13), (14), and (15);
  3. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Driscoll until a period of 2 years has passed from the date on which the Commission receives in full the payments set out in subparagraphs (13), (14), and (15);