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

October 23, 2008


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

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IN THE MATTER OF
XI BIOFUELS INC., BIOMAXX SYSTEMS INC.,
XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS XIIVA HOLDINGS INC.,
XI ENERGY COMPANY, XI ENERGY AND XI BIOFUELS,
RONALD CROWE AND VERNON SMITH


TORONTO – The Commission issued an order in the above matter which provides that (1) the Temporary Orders are extended until 30 days after a decision on the merits is made in respect of the issues raised and the relief sought in the Notice of Hearing and the Statement of Allegations dated October 16, 2008; (2) a prehearing conference will take place on December 5, 2008 commencing at 11:00 a.m.; and (3) the hearing of this matter is scheduled to commence on January 5, 2009 at 10 a.m. and continue on January 7, 8, 9, 12, 13, 14, 15 and 16, 2009.

A copy of the Order dated October 22, 2008 is available at www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


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