Order: In the Matter of Marlon Gary Hibbert et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF
MARLON GARY HIBBERT, ASHANTI CORPORATE SERVICES INC., DOMINION
INTERNATIONAL RESOURCE MANAGEMENT
INC., KABASH RESOURCE MANAGEMENT, POWER TO CREATE WEALTH
INC. and POWER TO CREATE WEALTH INC. (PANAMA)
ORDER
(Subsections 127(1), 127(7) and 127(8))
WHEREAS on January 28, 2011, the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) ordering the following:
- that all trading by Ashanti Corporate Services Inc. (“Ashanti”), Power to Create Wealth Inc. (“PCW”), Dominion International Resource Management Inc. (“Dominion”), Kabash Resource Management (“Kabash”), Power to Create Wealth Inc. (Panama) (“PCWP”) and Marlon Gary Hibbert (“Hibbert”) shall cease;
- that all trading in any securities of Ashanti, PCW, Dominion, Kabash, and PCWP shall cease; and
- that the exemptions contained in Ontario securities law do not apply to Ashanti, PCW, Dominion, Kabash, PCWP and Hibbert.
AND WHEREAS on January 28, 2011 the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by the Commission;
AND WHEREAS on January 28, 2011 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on February 11, 2011 at 11:00 a.m.;
AND WHEREAS Staff of the Commission (“Staff”) have served Ashanti, PCW, Dominion, Kabash, PCWP and Hibbert with copies of the Temporary Order, the Notice of Hearing and the Hearing Brief as evidenced by the Affidavits of Service of Lee Crann sworn on February 8 and 9, 2011;
AND WHEREAS on February 11, 2011, the Commission held a hearing and Staff and Hibbert appeared before the Commission;
AND WHEREAS Staff requested an extension of the Temporary Order for six months and Hibbert opposed the extension of the Temporary Order;
AND WHEREAS the Commission reviewed the Affidavit of Jeffery Thomson sworn February 9, 2011;
AND WHEREAS the Commission heard submissions from counsel for Staff and from Hibbert;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
IT IS HEREBY ORDERED pursuant to subsections 127(7) and 127(8) of the Act that the Temporary Order is extended to July 28, 2011; and
IT IS FURTHER ORDERED that the hearing is adjourned to Tuesday, July 26, 2011 at 11:00 a.m.
DATED at Toronto this 11th day of February, 2011.
Edward P. Kerwin