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 SCOTT EDWARD PURKIS

ORDER



WHEREAS on August 24, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to section 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in relation to Scott Edward Purkis (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the Commission (“Staff”) dated August 24, 2010 (the “Settlement Agreement”), a copy of which is attached as Schedule “A” to this Order, subject to the approval of the Commission;

AND UPON reviewing the Settlement Agreement, and upon hearing submissions from counsel for Staff and the Respondent;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS ORDERED THAT:

  1. The settlement agreement is approved.
  2. Trading in any securities by or of the Respondent cease for a period of 7 years commencing on the date of the Commission’s order, save and except for:
    1. Trading in securities held in any Registered Retirement Savings Account held in the Respondent’s name, excepting that trading in individual equities of any issuer shall be prohibited;
    2. Trading of securities held in any Registered Educational Savings Plan held for the benefit of any child of the Respondent, excepting that trading in individual equities of any issuer shall be prohibited;
    3. Trading in securities held in any Tax Free Savings Account held in the Respondent’s name, excepting that trading in individual equities of any issuer shall be prohibited;
    4. Liquidating trades, or exercising warrants as the case may be, in the following securities held by the Respondent, and unrelated to his employment at Agoracom:
      1. 14,285 warrants of Lateegra Gold Corp. expiring June 30, 2011;
      2. 100,000 warrants of Global Hunter, expiring December 2, 2011;
      3. 120,000 warrants of Silvershield Resources expiring December 15, 2011;
      4. 17,500 warrants of IBC Advanced Alloys Corp., expiring March 23, 2012; and
      5. 80,000 warrants of Active Control, expiring in December of 2014.
  3. Any exemptions contained in Ontario securities law do not apply to the Respondent for a period of 7 years commencing on the date of the Commission’s order.
  4. The Respondent is prohibited from becoming or acting as a registrant, as an investment fund manager or as a promoter for a period of 7 years commencing on the date of the Commission’s order.
  5. The Respondent is prohibited from becoming or acting as a director or officer of any issuer, registrant or investment fund manager for a period of 7 years commencing on the date of the Commission’s order.
  6. The Respondent will make a settlement payment to the Commission in the sum of $18,862 obtained as a result of his non-compliance with Ontario securities law for the allocation to or for the benefit of the Investor Education Fund.
  7. The Respondent will pay the costs of the Commission’s investigation in the amount of $5,000.
  8. The Respondent will cooperate fully with any ongoing proceedings relating to his employment at Agoracom Investor Relations Corp., including testifying.

 

DATED at Toronto this “8th” day of September, 2010.

 

" Patrick J. LeSage "
Commissioner Patrick J. LeSage