Proceedings

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S. 5, AS AMENDED
AND
IN THE MATTER OF
RICHARD JOHN SMITH
AND
SYNLAN SECURITIES CORPORATION
AMENDED NOTICE OF HEARING

(Section 127)

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 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 the 23rd day of June, 1998, at 3:00 p.m. oras soon thereafter as the hearing can be held;

TO CONSIDER:

(a) whether to extend the Temporary Order dated June 11, 1998 to continue the suspension of the respondent Richard John Smith's registration;

(b) whether, pursuant to section 127(1) of the Act, it is in the public interest for the Commission to make an order:

(i) that the exemptions contained in Ontario securities law do not apply to the respondents permanently or for such time as the Commission may direct; and/or

(ii) that the registration of the respondents be cancelled or restricted for such period as the Commission may order, or that terms and conditions be imposed ontheir registration; and/or,

(iii) such other order as the Commission may deem appropriate; and

(c) such other matters as the Commission considers appropriate,

BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Enforcement Branch of the Commission and such additional allegationsas counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel if that party attends or submits evidence at the hearing;

AND FURTHER TAKE 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.

June 16th, 1998.

"Daniel P. Iggers"