Amended Notice of Hearing: In the Matter of Limelight Entertainment Inc. et al.

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

and

IN THE MATTER OF
LIMELIGHT ENTERTAINMENT INC., CARLOS A. DA SILVA,
DAVID C. CAMPBELL, JACOB MOORE
and JOSEPH DANIELS

AMENEDED NOTICE OF HEARING
Sections 127 and 127(1)

        WHEREAS the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing dated April 7, 2006 which advised that the Commission would hold a hearing at its offices at 20 Queen Street West, 17^th Floor Hearing Room on Thursday, the 13^th day of April, 2006 at 10:00 a.m. to consider whether it would be in the public interest for the Commission to issue a temporary order that all trading in the securities of Limelight Entertainment Inc. (“Limelight”) cease pursuant to s.127(5) of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) and further orders at the conclusion of the hearing;

        AND WHEREAS on the 13^th day of April, 2006, the Ontario Securities Commission (the “Commission”) held a hearing pursuant to section 127 of the Act and ordered pursuant to paragraph 2 of subsection 127(1) and subsection 127(5) of the Act that: (1) all trading cease in the securities of Limelight Entertainment Inc. (“Limelight”); (2) Limelight, Da Silva, Campbell and Moore cease trading in all securities; and (3) any exemptions contained in Ontario securities law do not apply to Limelight, Da Silva, Campbell and Moore (the “Temporary Order”);

        AND WHEREAS the Commission further ordered pursuant to subsection 127(6) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission;

        AND WHEREAS the Commission issued this Amended Notice of Hearing dated April 25, 2006 requesting that the Commission make a second temporary order pursuant to subsection 127(5) and paragraphs 2 and 3 of subsection 127(1) of the Act that: (i) Joseph Daniels cease trading in all securities; and (ii) any exemptions contained in Ontario securities law do not apply to Daniels (the “Second Temporary Order”);

        TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Securities Act, at its offices at 20 Queen Street West, 17^th Floor Hearing Room on Wednesday, the 26^th day of April, 2006 at 10:00 a.m. or as soon thereafter as the hearing can be held:

        TO CONSIDER whether, pursuant to s.127 and s. 127.1 of the Securities Act, it is in the public interest for the Commission:

(1)     to extend the Temporary Order made April 13, 2006 until the conclusion of the hearing, pursuant to s.127(7) or until such further time as considered appropriate by the Commission;

(2)     to issue the requested Second Temporary Order or make such temporary order against Daniels as the Commission considers appropriate;

(3)     at the conclusion of the hearing, to make an order against any or all of the Respondents that:

(a) trading in any securities of or by the Respondents cease permanently or for such period as is specified by the Commission, pursuant to paragraph 2 of s. 127 (1);

(b) any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such period as is specified by the Commission, pursuant to paragraph 3 of s. 127(1);

(c) the Respondents be reprimanded, pursuant to paragraph 6 of s. 127(1);

(d) the individual Respondents be prohibited from becoming or acting as a director or officer of any issuer pursuant to paragraph 8 of s. 127(1);

(e) the Respondents be prohibited from telephoning residences within or outside Ontario for the purpose of trading in securities, pursuant to section 37(1);

(f) the Respondents pay an administrative penalty for failing to comply with Ontario securities law, pursuant to paragraph 9 of s. 127(1);

(g) the Respondents disgorge to the Commission any amounts obtained as a result of non-compliance with Ontario securities law, pursuant to paragraph 10 of s. 127(1); and

(h) the Respondents be ordered to pay the costs of the Commission investigation and the costs of, or related to, this hearing, pursuant to s. 127.1; and

(4) to make such further orders as the Commission considers appropriate.

        BY REASON OF the allegations set out in the Amended Statement of Allegations dated April 25, 2006 and such further additional allegations as counsel may advise and the Commission may permit;

        AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

        AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

        DATED at Toronto this 25^th th day of April, 2006.

“John P. Stevenson”
Secretary to the Commission