Temporary Order: In the Matter of AMTE Services Inc. et al.

Order
Télécharger le PDF

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

- AND -

IN THE MATTER OF
AMTE SERVICES INC., OSLER ENERGY CORPORATION, RANJIT GREWAL,
PHILLIP COLBERT AND EDWARD OZGA

TEMPORARY ORDER
Sections 127(1) and 127(5)

 

 

    WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:

 

 

  1. AMTE Services Inc. (“AMTE”) is a Canadian corporation with a business address in Ontario;
  2. Osler Energy Corporation (“Osler”) is an Ontario corporation;
  3. Ranjit Grewal (“Grewal”) is an Ontario resident and the sole director of Osler;
  4. Phillip Colbert (“Colbert”) is an Ontario resident and the sole director of AMTE;
  5. Edward Ozga (“Ozga”) is an Ontario resident;
  6. Osler, Grewal, Colbert and Ozga may have engaged in or held themselves out as engaging in the business of trading in the securities of Osler and distributed Osler’s securities to members of the public in Canada from Ontario;
  7. AMTE, Grewal, Colbert and Ozga may be engaging in or holding themselves out as engaging in the business of trading in the securities of AMTE and distributing AMTE’s securities to members of the public in Canada from Ontario;
  8. No preliminary prospectus or prospectus in respect of the AMTE or Osler shares have been filed with the Commission or receipted by the Director as required by subsection 53(1) of the Act;
  9. None of AMTE, Osler, Grewal, Colbert and Ozga (the “Respondents”) are registered in accordance with Ontario securities law as a dealer or are exempt under Ontario securities law from the requirement to comply with subsection 25(1) of the Act; and
  10. Staff are continuing to investigate the conduct described above;

    AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in subsection 127(5) of the Act;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

    IT IS ORDERED that pursuant to clause 2 of subsection 127(1) of the Act, that:

(a) all trading by and in the securities of AMTE shall cease;

(b) all trading by and in the securities of Osler shall cease;

(c) all trading by Grewal shall cease;

(d) all trading by Colbert shall cease; and

(e) all trading by Ozga shall cease.

    IT IS FURTHER ORDERED that pursuant to clause 3 of subsection 127(1) of the Act, that any exemptions contained in Ontario securities law do not apply to any of the Respondents; and

    IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act, this Order shall take effect immediately and shall expire on the 15th day after its making unless extended by Order of the Commission.

    DATED at Toronto this 15th day of October, 2012.

 

" James E. A. Turner "
James E. A. Turner