Proceedings

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

AND

IN THE MATTER OF
PAUL GORDON

NOTICE OF HEARING
(Sections 127 and 127.1)


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 17th Floor, 20 Queen Street West, Toronto, Ontario commencing on April 25, 2001 at 10:00 a.m. or as soon thereafter as the hearing can be held:

TO CONSIDER whether, pursuant to section 127(1) and 127.1 of the Act, it is in the public interest for the Commission to make an order that:

(a) the registration of Paul Gordon ("Gordon") be terminated or suspended or restricted for such period as the Commission may order;

(b) Gordon cease trading in securities permanently or for such period as the Commission may order;

(c) Gordon resign any positions Gordon holds as a director or officer of an issuer;

(d) prohibits Gordon from becoming or acting as a director or officer of any issuer permanently or for such period as the Commission may order;

(e) Gordon pay the costs of the Commission's investigation and this proceeding;

(f) Gordon be reprimanded; and/or

(g) to make such other order as the Commission may deem appropriate;

BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission and such additional allegations as 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 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 party and such party is not entitled to any further notice of the proceeding.

April 20, 2001.

John Stevenson