Notice of Hearing: In the Matter of Gordon-Daly Grenadier Securities et al.

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold ahearing pursuant to subsections 127(1) and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, asamended (the "Act") at the Commission offices, 20 Queen Street West, 17^th Floor, in the HearingRoom, Toronto, Ontario commencing on the 9th day of August, 2000 at 10:00 a.m. or as soonthereafter as the hearing can be held:

TO CONSIDER whether, pursuant to subsections 127(1) and 127.1 of the Act, it is in thepublic interest for the Commission to make an order:

(i) that the registration of Gordon-Daly Grenadier Securities ("Gordon-Daly"), DavidBregman ("Bregman"), Alan Greenberg ("Greenberg"), Oron Sternhill ("Sternhill") andWangyal Tulotsang ("Tulotsang") be suspended or restricted for such time as theCommission may direct, or be terminated, or be subject to such terms and conditions asthe Commission may order;

(ii) that trading in securities by Gordon-Daly, Bregman, Greenberg, Sternhill and Tulotsangcease permanently or for such other period as specified by the Commission;

(iii) that Bregman, Greenberg, Sternhill and Tulotsang, or any of them, be prohibited frombecoming or acting as a director or officer of any issuer;

(iv) that the Respondents be reprimanded;

(v) that the Respondents pay costs to the Commission; and/or

(vi) such other order as the Commission considers appropriate.

BY REASON OF the allegations set out in the Statement of Allegations of Staff of theCommission 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 bycounsel 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 andplace aforesaid, the hearing may proceed in the absence of that party and such party is not entitledto any further notice of the proceeding.

July 27^th, 2000.

"John Stevenson"