Notice of Hearing: In the Matter of Peter Sabourin et al.

        TAKE NOTICE that the Ontario Securities 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 Commission at 20 Queen Street West, Toronto, in the Large Hearing Room, 17th Floor, commencing on December 20, 2006, at 10:00 a.m. or as soon thereafter as the hearing can be held;

        AND TAKE NOTICE that the purpose of the hearing is to consider whether:

(a) pursuant to section 127(7) of the Act, to extend the Temporary Order made December 7, 2006;

(b) at the conclusion of the hearing, to make an order pursuant to clause 2 of section 127(1) that trading in any securities by the respondents cease permanently or for such period as is specified by the Commission;

(c) at the conclusion of the hearing, to make an order pursuant to clause 2.1 of section 127(1) that acquisition of any securities by the respondents is prohibited permanently or for such period as is specified by the Commission;

(d) at the conclusion of the hearing, to make an order pursuant to clause 3 of section 127(1) that any exemptions contained in Ontario securities law do not apply to the respondents permanently or for such period as is specified by the Commission;

(e) at the conclusion of the hearing, to make an order pursuant to clause 6 of section 127(1) that the respondents be reprimanded;

(f) at the conclusion of the hearing, to make an order pursuant to clause 7 of section 127(1) that each of the respondents resign all positions that they hold as a director or officer of an issuer;

(g) at the conclusion of the hearing, to make an order pursuant to clause 8 of section 127(1) that each of the respondents be prohibited from becoming or acting as a director or officer of any issuer;

(h) at the conclusion of the hearing, to make an order pursuant to clause 9 of section 127(1) that the respondents each pay an administrative penalty of $1,000,000 for each failure to comply with Ontario securities law;

(i) at the conclusion of the hearing, to make an order pursuant to clause 10 of section 127(1) that the respondents disgorge to the Commission any amounts obtained as a result of their non-compliance with Ontario securities law; and

(j) at the conclusion of the hearing, to make an order pursuant to section 127.1 that the respondents pay the costs of the investigation and hearing.

        BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission dated December 7, 2006 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 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 7^th day of December, 2006.

  " John Stevenson "  
John Stevenson
Secretary to the Commission