Notice of Hearing: In the Matter of Lance Sandford Cook et al.

IN THE MATTER OF
LANCE SANDFORD COOK and
CBM CANADA’S BEST MORTGAGE CORP.

NOTICE OF HEARING
(Subsections 127(1) and 127(10) of the Securities Act)

            TAKE NOTICE THAT the Ontario Securities Commission (the Commission) will hold a hearing pursuant to subsections 127(1) and 127(10) of the Securities Act,RSO 1990, c S.5 (the Act), at the offices of the Commission, 20 Queen Street West, 17th Floor, commencing on November 6, 2017 at 10:00 a.m., or as soon thereafter as the hearing can be held;

            TO CONSIDER whether, pursuant to subsection 127(1) and paragraph 4 of subsection 127(10) of the Act, it is in the public interest for the Commission to make an order:

until the later of August 8, 2022, and the date on which the payments ordered against Cook in paragraphs 61(c) and 61(d) of the Order of the British Columbia Securities Commission dated August 8, 2017 (the BCSC Order) have been made:

1. against Lance Sandford Cook (Cook) that:
   1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Cook cease, except that he may trade securities or derivatives for his own account through a registered dealer, if he gives the registered dealer a copy of the BCSC Order, and a copy of the Order of the Commission in this proceeding, if granted;
   2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Cook cease, except that he may purchase securities for his own account through a registered dealer, if he gives the registered dealer a copy of the BCSC Order, and a copy of the Order of the Commission in this proceeding, if granted;
   3. pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Cook resign any positions that he holds as a director or officer of any issuer or registrant;
   4. pursuant to paragraphs 8 and 8.2 of subsection 127(1) of the Act, Cook be prohibited from becoming or acting as a director or officer of any issuer or registrant; and
   5. pursuant to paragraph 8.5 of subsection 127(1) of the Act, Cook be prohibited from becoming or acting as a registrant, investment fund manager or promoter;
2. against CBM Canada’s Best Mortgage Corp. (CBM) that:
   1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by CBM cease;
   2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by CBM cease;
   3. pursuant to paragraph 8.5 of subsection 127(1) of the Act, CBM be prohibited from becoming or acting as a registrant, investment fund manager or promoter;
3. such other order or orders as the Commission considers appropriate.

            BY REASON of the allegations set out in the Statement of Allegations of Staff of the Commission dated October 24, 2017, and by reason of the BCSC Order, and such additional allegations as counsel may advise and the Commission may permit;

            AND TAKE FURTHER NOTICE that at the hearing on November 6, 2017 at 10:00 a.m., Staff will bring an application to proceed with the matter by written hearing, in accordance with Rule 11 of the Ontario Securities Commission Rules of Procedure (2014), 37 OSCB 4168 and section 5.1 of the Statutory Powers Procedure Act, RSO 1990, c S.22, and any party to the proceeding may make submissions in respect of the application to proceed by written hearing;

            AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by a representative 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 the party and such party is not entitled to any further notice of the proceeding;

            AND TAKE FURTHER NOTICE that the Notice of Hearing is also available in French on request of a party, participation may be in either French or English and participants must notify the Secretary’s Office in writing as soon as possible, and in any event, at least thirty (30) days before a hearing if the participant is requesting a proceeding to be conducted wholly or partly in French; and

            ET AVIS EST ÉGALEMENT DONNÉ PAR LA PRÉSENTE que l'avis d'audience est disponible en français sur demande d’une partie, que la participation à l'audience peut se faire en français ou en anglais et que les participants doivent aviser le Bureau du secrétaire par écrit le plut tôt possible et, dans tous les cas, au moins trente (30) jours avant l'audience si le participant demande qu'une instance soit tenue entièrement ou partiellement en français.

            DATED at Toronto this 24th day of October, 2017.