Proceedings

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990 c.S.5 AS AMENDED
AND
IN THE MATTER OF
CANADIAN 88 ENERGY CORP., WEST CENTRAL CAPITAL CORPORATION,
GREGORY S. NOVAL AND DAVID R. DIPAOLO
NOTICE OF HEARING
(Section 127 of the Securities Act)

 

 

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990c.S.5 as amended (the "Act") at the offices of the Alberta Securities Commission on the 4th Floor, 300 - 5th Avenue SW, Calgary, Alberta, commencing onOctober 27, 1997 at 9:30 o'clock in the forenoon (Alberta time);

TO CONSIDER:

(a) whether, pursuant to paragraph 2 of subsection 127(1) of the Act, it is in the public interest to make an order that trading in any securities by Canadian 88Energy Corp., West Central Capital Corporation, Gregory S. Noval and David R. DiPaolo (the "Respondents") cease permanently or for such period as isspecified by the Commission;

(b) whether, pursuant to paragraph 3 of subsection 127(1) of the Act, it is in the public interest to make an order that any exemptions contained in Ontariosecurities law do not apply to the Respondents permanently or for such period as is specified by the Commission;

(c) whether, pursuant to paragraph 6 of subsection 127(1) of the Act, it is in the public interest to make an order that any of the Respondents be reprimanded bythe Commission; and

(d) to make such further and other order as the Commission considers appropriate.

BY REASON OF the allegations as set out in the Statement of Allegations made by staff of the Commission that the conduct of the Respondents was not in thepublic interest;

AND TAKE FURTHER NOTICE that a hearing will be held by the Commission in conjunction with the Alberta Securities Commission, at the time and placeaforesaid, and that any party to the proceedings may be represented by counsel if that party attends or submits evidence 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 partyand such party is not entitled to any further notice of the proceeding.

September 26th, 1997.

"Daniel P. Iggers"