Proceedings

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


- AND -


IN THE MATTER OF
SULJA BROS. BUILDING SUPPLIES, LTD., PETAR VUCICEVICH,  KORE
INTERNATIONAL MANAGEMENT INC., ANDREW DE VRIES, STEVEN SULJA,
PRANAB SHAH, TRACEY BANUMAS, and SAM SULJA


ORDER


      WHEREAS on December 22, 2006, the Ontario Securities Commission (the “Commission”) ordered pursuant to subsections 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 of Sulja Bros. Building Supplies, Ltd. (“Sulja Nevada”) cease; and (b) any exemptions in Ontario securities law do not apply to the respondents Sulja Nevada, Sulja Bros. Building Supplies Ltd. (“Sulja Ontario”), Kore International Management Inc. (“Kore International”), Peter Vucicevich (“Vucicevich”) and Andrew De Vries (“De Vries”) (the “Temporary Order”);

      AND WHEREAS on December 27, 2006, the Commission issued a Notice of Hearing and Statement of Allegations in this matter;

      AND WHEREAS on January 8, 2007, the Temporary Order was extended to March 23, 2007;

      AND WHEREAS on March 23, 2007, the Temporary Order was extended to July 5, 2007;

      AND WHEREAS on July 5, 2007, the Temporary Order was extended to September 7, 2007;

      AND WHEREAS on September 7, 2007, the Temporary Order was extended to October 31, 2007;

      AND WHEREAS on October 31, 2007, the Temporary Order was extended to January 22, 2008;

      AND WHEREAS on January 22, 2008, the Temporary Order was extended to March 28, 2008;

      AND WHEREAS on March 28, 2008, the Temporary Order was extended to May 23, 2008;

      AND WHEREAS on May 23, 2008, the Temporary Order was extended to June 23, 2008;

      AND WHEREAS on June 16, 2008, the Commission issued a Notice of Hearing and Staff of the Commission (“Staff”) filed an Amended Statement of Allegations which added additional respondents to this matter: Steven Sulja, Pranab Shah (“Shah”), Tracey Banumas (“Banumas”) and Sam Sulja;

      AND WHEREAS Staff have withdrawn the allegations against Sulja Ontario;

      AND WHEREAS on June 25, 2008, the Temporary Order was extended to September 12, 2008;

      AND WHEREAS Vucicevich, Kore International, Banumas and Shah have consented to the continuation of the Temporary Order;

      AND WHEREAS Sulja Brothers Building Supplies, Ltd., Sam Sulja and Steven Sulja did not appear although served with notice of this Hearing;

      AND WHEREAS De Vries did not appear although Staff made all reasonable efforts to contact him in order to give him notice of this Hearing;

      AND WHEREAS Staff have made all reasonable efforts to remind the Respondents of the September 11, 2008, appearance before the Commission;

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

      IT IS ORDERED THAT this matter be set down for a hearing on the merits to begin on November 16, 2009, and continue to and including December 11, 2009, excluding the dates of November 24 and December 8, 2009;

      AND IT IS FURTHER ORDERED THAT the Temporary Order against Sulja Nevada, Kore International, Vucicevich and De Vries is extended to the conclusion of the hearing on the merits in this matter.

DATED at Toronto this 11th day of September, 2008.


James E. A. Turner

 

Margot C. Howard

James E. A. Turner

 

Margot C. Howard