Notice of Hearing: In the Matter of John Alexander Cornwall and CGC Financial Services Inc.

IN THE MATTER OF THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

- and -

IN THE MATTER OF

JOHN ALEXANDER CORNWALL

and

CGC FINANCIAL SERVICES INC.

NOTICE OF HEARING (Section 127)

TAKE NOTICE that the Ontario Securities Commission will hold a hearing pursuant to section 127 of the Securities Act, at the offices of the Ontario Securities Commission, 20 Queen Street West, 17^th Floor Hearing Room, Toronto, Ontario, on November 21, 2003 at 10:00 a.m. or as soon thereafter as the hearing can be held:

            TO CONSIDER whether, pursuant to section 127 of the Act, it is in the public interest for the Commission:

(a) to extend the temporary order made November 7, 2003 until the conclusion of this hearing pursuant to s. 127(7);

(b) at the conclusion of this hearing, to make an order pursuant to clause 2 of s. 127(1) that trading in any securities by Cornwall cease until further ordered by this Commission; and

(c) to make such other order as the Commission considers appropriate.

BY REASON OF the allegations set out in the Statement of Allegations dated November 7, 2003, as against the Respondents John Alexander Cornwall and CGC Financial Services Inc., and such additional allegations as counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel at the hearing;

AND TAKE FURTHER NOTICE that upon the failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

DATED at Toronto this 10thday of November, 2003.