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 RONALD JAMES OVENDEN, NEW SOLUTIONS CAPITAL
INC., NEW SOLUTIONS FINANCIAL CORPORATION AND NEW SOLUTIONS
FINANCIAL (II) CORPORATION

-and-

IN THE MATTER OF A SETTLEMENT AGREEMENT
BETWEEN STAFF OF THE COMMISSION, RONALD JAMES OVENDEN
AND NEW SOLUTIONS CAPITAL INC.

NOTICE OF HEARING
(Section 127)



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 at the offices of the Commission located at 20 Queen Street West, 17th Floor, Toronto on the 25th day of April, 2014 at 11:00 a.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 to approve the settlement agreement dated April 2, 2014 between Staff of the Commission (“Staff”), Ronald James Ovenden and New Solutions Capital Inc.;

BY REASON OF the allegations as set out in the Statement of Allegations of Staff  dated March 28, 2013 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 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.

 

DATED at Toronto this 9th  day of April, 2014.

" Josée Turcotte "
Josée Turcotte
Acting Secretary to the Commission