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

March 8, 2006


IN THE MATTER OF THE SECURITIES ACT ,
R.S.O. 1990, c. S.5, as amended

- and -

IN THE MATTER OF
PHILIP SERVICES CORP. and ROBERT WAXMAN

TORONTO – The Commission issued an Order today in the above named matter, adjourning the hearing scheduled to commence on March 8, 2006, until the completion of the preliminary hearing of the proceeding against Robert Waxman under the Criminal Code of Canada.

A copy of the Order and Robert Waxman’s Undertaking to the Ontario Securities Commission is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

- 30 -

For media inquiries:

Wendy Dey
Director, Communications
and Public Affairs
416-593-8120

 

Eric Pelletier
Manager, Media Relations
416-595-8913

For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)