PDF Version
PDF Version



R.S.O. 1990, c. S.5, AS AMENDED (the "Act")

- and -







(Subsection 127(1) and 127(5))

      WHEREAS the Director made an order under paragraph 2 of subsection 127(1) and subsection 127(5) of the Act on the 18th day of May, 2004 (the "Temporary Order"), that all trading, subject to certain exceptions as provided for in the Temporary Order, whether direct or indirect, by each of the individuals and entities listed in Schedule "A" to the Temporary Order (individually, a "Respondent" and collectively, the "Respondents") in securities of Hollinger Inc. ("Hollinger") cease for a period of fifteen days from the date of the Temporary Order;

      AND WHEREAS Hollinger has announced that it will be delayed in filing its annual financial statements (and annual Management's Discussion & Analysis related thereto) for the year ended December 31, 2003 by the required filing date under Ontario securities law, namely May 19, 2004, and its interim statements (and interim Management's Discussion & Analysis related thereto) for the first quarter ended March 31, 2004 by the required filing date under Ontario securities law, namely May 15, 2004;

      AND WHEREAS the Temporary Order was made because the Director was of the opinion that the length of time required to conclude a hearing could be prejudicial to the public interest;

      AND WHEREAS the Director may revoke the Temporary Order within the fifteen-day period if Hollinger remedies the Default to the satisfaction of the Director and is not at that time otherwise in default of its obligations under Ontario securities law;

      TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Act (a "Hearing") at 20 Queen Street West, 17th Floor Hearing Room, Toronto, Ontario commencing on the 1st day of June, 2004 at 10:00 a.m. or as soon as possible after that time;

      TO CONSIDER whether, pursuant to subsection 127(1) of the Act, it is in the public interest for the Commission to make an Order:

  1. that trading, whether direct or indirect, by any of the Respondents in securities of Hollinger cease until two business days following the receipt by the Commission of all filings Hollinger is required to make pursuant to Ontario securities laws or for such period as the Commission may determine; and/or
  2. 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 the Staff may advise and the Commission may permit;

      AND FURTHER TAKE NOTICE that any party to the proceeding may be represented by counsel at the Hearing;

      AND FURTHER TAKE NOTICE that if a party fails to attend the Hearing, the Hearing may proceed in the absence of that party and such party will not be entitled to receive any further notice of the proceeding;

      AND FURTHER TAKE NOTICE that, pursuant to subsection 127(7) of the Act, the Temporary Order may be extended until the Hearing is concluded or under subsection 127(8) of the Act if satisfactory information is not provided within the fifteen-day period.

       DATED at Toronto, this 18th day of May, 2004.

Ontario Securities Commission

"Rose Gomme"


A/Secretary to the Commission


Schedule "A"

509645 N.B. Inc.
509646 N.B. Inc.
1269940 Ontario Limited
2753421 Canada Limited
Amiel Black, Barbara
Argus Corporation Limited
Atkinson, Peter Y.
Bassett, Douglas G.
Black, Conrad M. (Lord)
Boultbee, J. A.
Burt, The Hon. Richard
Carroll, Paul A.
Colson, Daniel W.
Conrad Black Capital Corporation
Cowan, Charles G.
Creasey, Frederick A.
Cruickshank, John
Deedes, Jeremy
Dimma, William A.
Dodd, David
Duckworth, Claire F.
Eaton, Fredrik S.
Gotlieb, Allan E.
Healy, Paul B.
Kipnis, Mark
Kissinger, The Hon. Henry A.
Lane, Peter K.
Loye, Linda
Maida, Joan
McCarthy, Helen
Meitar, Shmuel
O'Donnell-Kennan, Niamh
Paris, Gordon
Perle, The Hon. Richard N.
Radler, F. David
The Ravelston Corporation Limited
Rohmer, Richard, OC, QC
Ross, Sherrie L.
Sabia, Maureen J.
Samila, Tatiana
Savage, Graham
Seitz, The Hon. Raymond G.H.
Smith, Robert T.
Stevenson, Mark
Thompson, The Hon. James R.
Van Horn, James R.
Walker, Gordon W.
White, Peter G.