Notice of Hearing: In the Matter of Edwards Securities Inc. et al.

TAKE NOTICE that the Commission will hold a hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the "Act") at the offices of the Ontario Securities Commission, 20 Queen Street West, 17th Floor Hearing Room on Wednesday, September 11, 2002 at 10:00 a.m. or as soon thereafter as the hearing can be held:

TO CONSIDER whether, pursuant to sections 127(1) and 127.1 of the Act, it is in the public interest for the Commission:

1. to make an order that trading in securities by the respondents, or any of them, cease permanently or for such other period as specified by the Commission;
   
   
2. to make an order that David Gerald Edwards and David Frederick Johnson, or either of them, resign their positions as officers and/or directors of the respondent Edwards Securities Inc. and resign their positions as an officer and/or director of any other issuer;
   
   
3. to make an order that Douglas G. Murdock resign his position as an officer and/or director of the respondent Clansman 98 Investments Inc. and resign his positions as an officer and/or director of any other issuer;
   
   
4. to make an order that Edwards, Johnson and Murdock, or any of them, are prohibited from becoming or acting as a director or officer of any issuer;
   
   
5. to make an order that the respondents or any of them be reprimanded;
   
   
6. to make an order that the respondents, or any of them, pay the costs of Staff's investigation in relation to this proceeding;
   
   
7. to make an order that the respondents, or any of them, pay the costs of the proceeding incurred by or on behalf of the Commission; and
   
   
8. to make such other order as the Commission considers 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 if that party attends or submits evidence 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 9th day of August, 2002.