Proceedings

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

- and -

IN THE MATTER OF
Firestar Capital Management Corp., Kamposse Financial Corp.,
Firestar Investment Management Group, Michael Ciavarella and Michael Mitton

NOTICE OF HEARING
(Section 127)

        TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 and 127.1 of the Securities Act, R.S.O. 1990, c.S.5, as amended, at the offices of the Commission, 20 Queen Street West, 17 th Floor, Main Hearing Room, Toronto, Ontario on a date to be set by the Commission.

        TO CONSIDER whether, in the opinion of the Commission, it is in the public interest to make an order that:

(a) under clause 2 of s.127(1) of the Act, trading in securities by the Respondents cease permanently or for such other period as specified by the Commission;

(b) under clause 3 of s. 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such a period as the Commission may order;

(c) under clause 7 of s.127(1) of the Act, the respondents Ciavarella and Mitton resign any positions they may hold as a director or officer of any issuer;

(d) under clause 8 of s.127(1) of the Act, the respondents Ciavarella and Mitton are prohibited from becoming or acting as a director or officer of any issuer;

(e) under clause 9 of s. 127(1) of the Act, the Respondents or any one of them to pay an administrative penalty of not more than $1 million for each failure to comply;

(f) under clause 10 of s.127(1) of the Act, the Respondents disgorge any amounts obtained by them as a result of non-compliance with Ontario securities law;

(g) under clause 6 of s.127(1) of the Act, that the Respondents be reprimanded;

(h) under s.127.1 of the Act, the Respondents pay the costs of Staff’s investigation and the costs of or related to the hearing that are incurred by or on behalf of the Commission; and

(i) such further orders as the Commission considers appropriate.

 

        BY REASON OF the allegations set out in the Statement of Allegations, and such additional allegations as counsel may advise and the Commission may permit;

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

        AND TAKE FURTHER NOTICE that upon the 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.

 

DATED at Toronto this “21 st” day of December, 2004.

”Daisy G. Aranha ”
per John Stevenson
A/Secretary to the Commission

 

TO:

DANSON, ZUCKER AND CONNELLY
Barristers and Solicitors
70 Bond Street, Suite 500
Toronto, Ontario
M5B 1X3

Symon Zucker
Phone: 416.863-9955 Ext:224
Fax: 416.863.4896
Solicitors for Kamposse Financial Corp.

 

 

 

 

 

AND TO:

WeirFoulds LLP
Suite 1600
The Exchange Tower, 130 King St. W.
PO Box 480
Toronto, Ontario
M5X 1J5

Bryan Finlay, Q.C.
Phone: 416.947.5011
Fax: 416.365.1876

Solicitors for Michael Ciavarella, Firestar Capital Management Corp.,and Firestar Investment Management Group

 

 

 

 

 

 

AND TO:

Ruby & Edwardh
11 Prince Arthur Ave.
Toronto, ON
M5R 1B2

Clayton Ruby
Phone: 416.964-9664
Fax: 416.964-9193

Solicitors for Michael Mitton