Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario
Securities
Commission


20 Queen St. W.
22nd Floor
Toronto, ON M5H 3S8
Commission des
valeurs mobilières
de l'Ontario
FOR IMMEDIATE RELEASE

July 22, 2013


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

- AND -

IN THE MATTER OF PRO-FINANCIAL ASSET MANAGEMENT INC.



TORONTO – The Commission issued an Order in the above named matter which provides that:

  1. the Temporary Order is extended to August 26, 2013;
  2. Staff is granted leave to file written submissions on PFAM’s motion by Wednesday, July 24, 2014 and PFAM is granted leave to file reply submissions by Friday, July 26, 2013;
  3. the Staff Affidavits, the transcript of the PFAM Motion, the PFAM Materials, any written submissions filed by Staff or reply submissions filed by PFAM and other documents presented in the course of the PFAM Motion shall be treated as confidential documents until further direction or order of the Commission; and
  4. the hearing to consider whether to: (i) further extend or vary the terms of the Temporary Order; (ii) make any further order as to PFAM’s registration; (iii) review PFAM’s plan for a sale of PFAM’s assets; and/or (iv) consider whether to order PFAM to deliver the final PPN reconciliation report to Staff, will proceed on August 23, 2013 at 10:00 a.m.

A copy of the Order dated July 22, 2013 is available at www.osc.gov.on.ca

 

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

 

- 30 -

 

For media inquiries:
media_inquiries@osc.gov.on.ca
   
Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Aly Vitunski
Senior Media Relations Specialist
416-593-8263

Alison Ford
Media Relations Specialist
416-593-8307

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