Notice of Hearing: In the Matter of Gold-Quest International et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended
– and –
IN THE MATTER OF
GOLD-QUEST INTERNATIONAL, 1725587 ONTARIO INC. carrying on business as HEALTH AND HARMONEY, HARMONEY CLUB INC., DONALD IAIN BUCHANAN,
LISA BUCHANAN AND SANDRA GALE
NOTICE OF HEARING
Section 127(7) and 127(8)
R.S.O. 1990, c. S.5, as amended
– and –
IN THE MATTER OF
GOLD-QUEST INTERNATIONAL, 1725587 ONTARIO INC. carrying on business as HEALTH AND HARMONEY, HARMONEY CLUB INC., DONALD IAIN BUCHANAN,
LISA BUCHANAN AND SANDRA GALE
NOTICE OF HEARING
Section 127(7) and 127(8)
TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to sections 127, and 127.1 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") at the offices of the Commission at 20 Queen Street West, 17th Floor Hearing Room on Friday, March 20th, 2009 at 10 a.m., or as soon thereafter as the hearing can be held, to consider whether, in the opinion of the Commission, it is in the public interest to order that:
(i) trading in any securities by Gold-Quest International (“Gold-Quest”), 1725587 Ontario Inc. carrying on business as Health and Harmoney (“Health and Harmoney”), the Harmoney Club Inc. (the Harmoney Club”), Donald Iain Buchanan (“Iain Buchanan”), Lisa Buchanan (“Lisa Buchanan”), and Sandra Gale, also known as Sandi Gale, (“Gale”) (collectively the "Respondents") cease permanently or for such period as is specified by the Commission;BY REASON OF the allegations as set out in the Statement of Allegations of Staff of the Commission dated March 12, 2009 and such further additional allegations as counsel may advise and the Commission may permit;
(ii) the acquisition of any securities by the Respondents is prohibited permanently or for such other period as is specified by the Commission;
(iii) any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such period as is specified by the Commission;
(iv) each Respondent disgorge to the Commission any amounts obtained as a result of non-compliance by that respondent with Ontario securities law;
(v) the Respondents be reprimanded;
(vi) Iain Buchanan, Lisa Buchanan and Gale (collectively the "Individual Respondents") resign one or more positions that they hold as a director or officer of any issuer, registrant, or investment fund manager;
(vii) the Individual Respondents be prohibited from becoming or acting as a director or officer of any issuer, registrant, or investment fund manager;
(viii) the Respondents be prohibited from becoming or acting as a registrant, as an investment fund manager or as a promoter;
(ix) the Respondents each pay an administrative penalty of not more than $1 million for each failure by that respondent to comply with Ontario securities law;
(x) the Respondents be ordered to pay the costs of the Commission investigation and the hearing; and
(xi) whether to make such further orders as the Commission considers appropriate.
AND BY REASON OF the evidence filed with the Commission and the testimony heard by the Commission;
AND TAKE FURTHER NOTICE that any party to the proceedings 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 proceedings.
DATED at Toronto this 13th day of March, 2009
"John Stevenson"
John Stevenson
Secretary to the Commission
John Stevenson
Secretary to the Commission
TO: Gold-Quest International,
c/o Cook Receiver Services Inc.
AND TO: 1725587 Ontario Inc. carrying on business as Health and Harmoney
c/o Donald Iain Buchanan, Director
AND TO: Harmoney Club Inc.
c/o Donald Iain Buchanan, Director
AND TO: Donald Iain Buchanan, Director
AND TO: Lisa Buchanan
AND TO: Sandra Gale