Notice from the Office of the Secretary: In the Matter of Money Gate Mortgage Investment Corporation et al.

IN THE MATTER OF
THE SECURITIES ACT, RSO 1990, c S.5

- AND -

IN THE MATTER OF
MONEY GATE MORTGAGE INVESTMENT CORPORATION,
MONEY GATE CORP., MORTEZA KATEBIAN
and PAYAM KATEBIAN

TORONTO – The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on April 27, 2017 at 10:00 a.m. to consider whether, in the opinion of the Commission, it is in the public interest pursuant to subsections 127(1) and (5) of the Act, for the Commission to issue a temporary order that: 

1. pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in securities of Money Gate Mortgage Investment Corporation (“MGMIC”) shall cease;
2. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to MGMIC, Money Gate Corp., Morteza Katebian and Payam Katebian; and
3. to make such other orders as the Commission considers appropriate.

A copy of the Notice of Hearing dated April 19, 2017and the Application to Issue a Temporary Order dated April 7, 2017 are available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY
GRACE KNAKOWSKI
SECRETARY TO THE COMMISSION