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
EUSTON CAPITAL CORP. and GEORGE SCHWARTZ  

NOTICE OF HEARING
(Section 127)

    TAKE NOTICE THAT the Ontario Securities Commission will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c.S.5, as amended, in the Small Hearing Room on the 17 th Floor, 20 Queen Street West, Toronto, Ontario on May 11, 2006 commencing at 2:00 p.m., or as soon thereafter as the hearing can be held;

    AND TAKE NOTICE that the purpose of the hearing is to consider whether it is in the public interest:

  1. pursuant to section 127(7) of the Act to extend the temporary order made May 1, 2006;
  2. at the conclusion of the hearing, to make an order pursuant to clause 2 of section 127(1) that trading in any securities by the respondents cease permanently or for such period as is specified by the Commission;
  3. at the conclusion of the hearing, to make an order pursuant to clause 3 of section 127(1) that any exemptions contained in Ontario securities law do not apply to the respondents permanently or for such period as is specified by the Commission; and
  4. to make such other order as the Commission considers appropriate.

    BY REASON OF the allegations set out in the Statement of Allegations of Staff dated May 2, 2006 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 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 2 nd day of May, 2006.

 

“John Stevenson”
John Stevenson

Secretary to the Commission

TO: LERNERS LLP
2400-130 Adelaide Street West
Toronto, Ontario
M5H 3P5

Peter R. Jervis
Tel: (416) 601-2356
Fax: (416) 867-9192

Cynthia B. Kuehl
Tel: (416) 601-2363
Fax: (416) 867-2433

Solicitors for Euston Capital Corp.
and George Schwartz