Temporary Order: In the Matter of AMTE Services Inc. et al.

Order
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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
AMTE SERVICES INC., OSLER ENERGY CORPORATION, RANJIT GREWAL,
PHILLIP COLBERT AND EDWARD OZGA

TEMPORARY ORDER
(Subsection 127(8))

 

 

 

 

 

 

 

 

    WHEREAS on October 15, 2012, the Ontario Securities Commission (the “Commission”) issued the following order (the “Temporary Order”), pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) against AMTE Services Inc. (“AMTE”), Osler Energy Corporation (“Osler”), Ranjit Grewal (“Grewal”), Phillip Colbert (“Colbert”) and Edward Ozga (“Ozga”) (collectively, the “Respondents”):

 

 

  1. pursuant to clause 2 of subsection 127(1) of the Act, all trading by and in the securities of AMTE shall cease; all trading by and in the securities of Osler shall cease; all trading by Grewal shall cease; all trading by Colbert shall cease; and all trading by Ozga shall cease;
  2. pursuant to clause 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to any of the Respondents;

    AND WHEREAS on October 15, 2012, 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 October 25, 2012, a hearing was held before the Commission and Staff of the Commission (“Staff”) and counsel for Colbert appeared and made submissions;

    AND WHEREAS Grewal and Ozga did not appear and no one appeared on behalf of AMTE and Osler, although properly served with the Notice of Hearing;

    AND WHEREAS counsel for Colbert consented to the extension of the Temporary Order;

    AND WHEREAS Staff advised the Commission that Grewal consented to the extension of the Temporary Order;

    AND WHEREAS the Commission ordered that the Temporary Order be extended until January 29, 2013 and that the hearing be adjourned to January 28, 2013 at 10:00 a.m.;

    AND WHEREAS on January 29, 2013, a hearing was held before the Commission and Staff attended to request an extension of the Temporary Order and no one appeared on behalf of the Respondents;

    AND WHEREAS Staff filed the affidavit of Peaches Barnaby sworn January 25, 2013 outlining service of the Temporary Order on the Respondents and setting out communications between Staff and Ozga and Staff and counsel for Colbert;

    AND WHEREAS Ozga advised Staff that he did not oppose an extension of the Temporary Order and counsel for Colbert advised Staff that Colbert took no position on an extension;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to issue this order;

    IT IS HEREBY ORDERED THAT the Temporary Order is extended until March 12, 2013 or until further order of the Commission, and the hearing is adjourned to March 11, 2013 at 10:00 a.m. or to such other date or time as provided by the Office of the Secretary and agreed to by the parties.

DATED at Toronto this 28th day of January, 2013.

 

" James E. A. Turner "
James E. A. Turner