Proceedings

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c.S.5, AS AMENDEDAND
IN THE MATTER OF
CANADIAN 88 ENERGY CORP. AND
WEST CENTRAL CAPITAL CORPORATION

 

NOTICE OF HEARING

(Sections 104 and 127)

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to sections 104 and 127 of the Securities Act, R.S.O.1990, c. S. 5, as amended (the "Act"), at its offices on the 8th floor, 20 Queen Street West, Toronto, Ontario, commencing on Friday, the 7th day of February,1997 at 10:00 in the morning, or as soon thereafter as the hearing can be held;

TO CONSIDER:

(a) whether to order, pursuant to clause (c) of subsection 104(1) of the Act, that Canadian 88 Energy Corp. ("Canadian 88") and West Central CapitalCorporation ("West Central") comply with, or be restrained from contravening, Part XX of the Act and the regulations related to Part XX of the Act inconnection with the take-over bid (the "Take-over Bid") made January 16, 1997 for all the common shares (including associated poison pill rights) of MorrisonPetroleums Ltd. ("Morrison Petroleums");

(b) whether to order, pursuant to clause (b) of subsection 104(1) of the Act, that Canadian 88 amend or vary the circular and any other document used or issuedin connection with the Take-over Bid and distribute any amended, varied or corrected circular or any other document;

(c) whether it is in the public interest to order, pursuant to clause (2) of subsection 127(1) of the Act, that trading in common shares of Morrison Petroleums byCanadian 88 and/or West Central cease permanently or for such period as is specified by the Commission;

(d) whether it is in the public interest to order, pursuant to clause (2) of subsection 127(1) of the Act, that trading in shares of Canadian 88 in connection withthe Take-over Bid cease permanently or for such period as is specified by the Commission; and

(e) such further and other order as the Commission considers appropriate;

BY REASON of the allegations as set out in the Statement of Allegations made by Staff of the Commission and attached to this Notice of Hearing;

AND TAKE FURTHER NOTICE that a hearing will be held by the Commission and the Alberta Securities Commission at the time and place aforesaid andthat any party to the proceeding may be represented by counsel if that party attends or submits evidence at the hearing;

AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid the hearing may proceed in the absence of that partyand such party is not entitled to any further notice of the proceeding.

February 6th, 1997.

"Daniel P. Iggers"