Order: In the Matter of Al-tar Energy Corp. et al.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF AL-TAR ENERGY CORP., ALBERTA ENERGY CORP.,
ERIC O’BRIEN, BILL DANIELS, BILL JAKES, JOHN ANDREWS,
JULIAN SYLVESTER, MICHAEL N. WHALE, JAMES S. LUSHINGTON,
IAN W. SMALL, TIM BURTON, and JIM HENNESY
ORDER
(Section 127(1) & 127(8))
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF AL-TAR ENERGY CORP., ALBERTA ENERGY CORP.,
ERIC O’BRIEN, BILL DANIELS, BILL JAKES, JOHN ANDREWS,
JULIAN SYLVESTER, MICHAEL N. WHALE, JAMES S. LUSHINGTON,
IAN W. SMALL, TIM BURTON, and JIM HENNESY
ORDER
(Section 127(1) & 127(8))
WHEREAS on July 3, 2007 the Ontario Securities Commission (the "Commission") issued a Temporary Order pursuant to section 127(5) of the Securities Act R.S.O. 1990, c.S.5, as amended (the “Act”) that: (i) all trading by Al-tar Energy Corp., Alberta Energy Corp. and their officers, directors, employees and/or agents in securities of Al-tar Energy Corp. and Alberta Energy Corp. shall cease; and (ii) the Respondents cease trading in all securities (the "Temporary Order");
AND WHEREAS on July 3, 2007, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;
AND WHEREAS on July 6, 2007 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on July 17, 2007 at 10 a.m.
AND WHEREAS on July 17, 2007 the Commission held a hearing, none of the Respondents attended and the Commission ordered that the Temporary Order be extended until September 11, 2007;
AND WHEREAS on September 11, 2007 the Commission held a hearing, none of the Respondents attended and the Commission ordered that the Temporary Order be extended until December 18, 2007;
AND WHEREAS on December 18, 2007 the Commission held a hearing and none of the Respondents attended;
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in section 127(5) of the Act;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
AND WHEREAS pursuant to section 127(8) satisfactory information has not been provided to the Commission by any of the Respondents;
IT IS HEREBY ORDERED pursuant to section 127(8) that the Temporary Order is extended until the end of the hearing on the merits.
DATED at Toronto this 18th day of December, 2007
“Robert L. Shirriff”
Robert L. Shirriff |
“Suresh Thakrar”
Suresh Thakrar |