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

February 15, 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
PHILIP SERVICES CORP., ALLEN FRACASSI, PHILIP FRACASSI,
MARVIN BOUGHTON, GRAHAM HOEY, ROBERT WAXMAN
AND JOHN WOODCROFT

TORONTO – The Commission issued a Notice of Hearing today for a hearing to consider whether it is in the public interest to approve a settlement agreement entered into by Staff of the Commission and Allen Fracassi, Philip Fracassi, Marvin Boughton, Graham Hoey and John Woodcroft. The hearing will be held on March 3, 2006 at 10:00 a.m. in the Large Hearing Room on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto.

A copy of the Notice of Hearing is available at www.osc.gov.on.ca  

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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