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

January 11, 2006


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

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IN THE MATTER OF
MICHAEL ANTHONY TIBOLLO A.K.A.
MICHELE-ANTONIO TIBOLLO

TORONTOFollowing a hearing held on August 29, 31, September 1, 2, 9, 12-14 and 16, 2005, the Ontario Securities Commission issued its Decision and Reasons today in the above matter. The Commission dismissed all the allegations against Michael Anthony Tibollo which were set out in the Amended Statement of Allegations dated August 26, 2005.

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

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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