Proceedings

Notice from the
Office of the Secretary
Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

July 27, 2007


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

- AND -
IN THE MATTER OF
A, B, C, D, E, F, G and H


TORONTO - Following a cross-motion brought by Staff in response to Constitutional Motions brought by X and Y, an in camera hearing was held on April 12, 2007. The Commission issued its Reasons and Decision on a confidential basis on May 18, 2007.

The Commission requested that the parties file submissions regarding confidentiality and the need for redaction of the Confidential Reasons and Decision of May 18, 2007. The parties filed written submissions on June 21 and 22, 2007.

The Panel issued Confidential Reasons and Decision Regarding the Request for Redaction on July 26, 2007. Based on these reasons, the Panel has issued these Redacted Reasons and Decision Made Pursuant to the Confidential Reasons and Decision Regarding the Request for Redaction on July 26, 2007.

The unredacted versions of both the Confidential Reasons and Decision, dated May 18, 2007 and the Confidential Reasons and Decision Regarding the Request for Redaction, will be available to the public on the day scheduled for the commencement of the Hearing.

A copy of the Redacted Reasons and Decision are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


- 30 -


For media inquiries: Wendy Dey
Director, Communications
& Public Affairs
416-593-8120
  Laurie Gillett
Manager, Public Affairs
416-595-8913
For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)