Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c.S-5, as am. (“the Act”)

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IN THE MATTER OF
JOHN ILLIDGE,
PATRICIA McLEAN,
DAVID CATHCART,
STAFFORD KELLEY, and
DEVENDRANAUTH MISIR
(collectively, the “Respondents”)

_________________________________________________________

NOTICE OF HEARING
(Sections 127 and 127.1)
_________________________________________________________

 

TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to sections 127 and 127.1 of the Act at the offices of the Commission at 20 Queen Street West , 17 th Floor, Toronto , Ontario , M5H 3S8 , commencing on the 5th day of August, 2005, at 10:00 a.m. or as soon thereafter as the hearing can be held:

TO CONSIDER whether, pursuant to section 127 of the Act, it is in the public interest for the Commission to make an order:

1. That the registration granted to any of the Respondents pursuant to the Act be suspended or restricted or subjected to terms and conditions;

2. That the Respondents be permanently prohibited from trading in any securities;

3. That any exemptions contained in Ontario securities law do not apply to the Respondents permanently;

4. That the Respondents be reprimanded;

5. That the Respondents resign any positions any of them holds as an officer or director of an issuer;

6. That each of the Respondents be permanently prohibited from acting as a director or officer of an issuer;

AND TO CONSIDER whether, pursuant to section 127.1 of the Act, it is in the public interest to make an order:

7. That the Respondents pay the costs of the investigation into this matter;

8. That the Respondents pay the costs of the hearing of this matter;

AND TO CONSIDER such further and other orders 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 proceedings 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 party and such party is not entitled to any further notice of the proceeding.

DATED at Toronto , this “11 th” day of July, 2005.

 

”John Stevenson”
John Stevenson
Secretary of the Commission