Notice of Hearing: In the Matter of Crown Capital Partners Ltd. et al.
R.S.O. 1990, c.S.5, AS AMENDED
- AND -
IN THE MATTER OF
CROWN CAPITAL PARTNERS LTD., RICHARD MELLON
AND ALEX ELIN
NOTICE OF HEARING
(Section 127)
TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Act at its offices on the 17 th Floor, 20 Queen Street West, Toronto, Ontario, in the Large Hearing Room, commencing on the 5 th of December at 10:00 a.m. or as soon thereafter as the hearing can be held, to consider whether it is in the public interest to make the following orders against any or all of Crown Capital Partners Ltd., Richard Mellon and Alex Elin (the “Respondents”):
(a) pursuant to paragraph 2 of subsection 127(1), the Respondents cease trading permanently or for such time as the Commission may direct;
(b) pursuant to paragraph 7 of subsection 127(1), the individual Respondents resign any position they may hold as an officer or director of any issuer;
(c) pursuant to paragraph 8 of subsection 127(1), the individual Respondents be prohibited for 15 years from becoming or acting as a director or officer of any issuer;
(d) pursuant to paragraph 8.5 of subsection 127(1), the individual Respondents be prohibited for 15 years from becoming or acting as a registrant, as an investment fund manager or as a promoter;
(e) pursuant to clause 9 of subsection 127(1) , the Respondents pay an administrative penalty for failure to comply with Ontario securities law;
(f) pursuant to clause 10 of subsection 127(1), the Respondents disgorge to the Commission any amounts obtained for failure to comply with Ontario securities law;
(g) pursuant to section 127.1, the Respondents pay the costs of Staff’s investigation and the costs of, or related to, this proceeding, incurred by or on behalf of the Commission;
(h) pursuant to section 37, the Respondents be prohibited from telephoning from within Ontario to any residence within or outside Ontario for the purpose of trading in any security or in any class of securities; and
(i) to make such other order as the Commission may deem appropriate.
BY REASON OF the allegations set out in the Statement of Allegations 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 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 29th day of November, 2006.
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“John Stevenson” |