Order: In the Matter of Kallo Inc. et al.

IN THE MATTER OF
KALLO INC., JOHN CECIL and SAMUEL PYO

File No. 2023-12

April 26, 2024

ORDER

WHEREAS on April 25, 2024, the Capital Markets Tribunal held a hearing at 20 Queen Street West, 17th Floor, Toronto, Ontario, regarding Samuel Pyo’s motion to strike the statement of allegations and dismiss the proceeding against him (Motion to Strike);

ON HEARING the submissions of the representatives for Pyo and for the Ontario Securities Commission (the Commission);

IT IS ORDERED, with reasons to follow, that:

1. within 30 days of today’s date, the Commission shall provide particulars of the material facts relied upon to support the allegation that Pyo, in his personal capacity, breached subsection 126.1(1)(b) of the Securities Act; and
2. this Order is made without prejudice to Pyo renewing the Motion to Strike or to Pyo otherwise seeking directions or further relief from the Tribunal after receiving the particulars provided by the Commission.