Notice of Hearing: In the Matter of Teodosio Vincent Pangia et al.

TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) at the offices of the Commission on the 17th Floor, Main Hearing Room Room, 20 Queen Street West, Toronto, Ontario commencing on Wednesday, December 5, 2001 at 10:00 a.m. or as soon thereafter as the hearing can be held:

TO CONSIDER whether, pursuant to sections 127(1) and 127.1 of the Act, in the opinion of the Commission it is in the public interest to make an order that:

(a) Teodosio Vincent Pangia (“Pangia”) cease trading in securities permanently or for such period as the Commission may order;

(b) Agostino Capista (“Capista”) cease trading in securities permanently or for such period as the Commission may order;

(c) Dallas/North Group Inc. (“Dallas North”) cease trading in securities permanently or for such period as the Commission may order;

(d) the exemptions contained in Ontario securities law do not apply to Pangia permanently or for such period as the Commission may order;

(e) the exemptions contained in Ontario securities law do not apply to Capista permanently or for such period as the Commission may order;

(f) the exemptions contained in Ontario securities law do not apply to Dallas North permanently or for such period as the Commission may order;

(g) Pangia resign any positions he holds as a director or officer of any issuer;

(h) Pangia be prohibited from becoming or acting as a director or officer of any issuer permanently or for such period as the Commission may order;

(i) Capista resign any positions he holds as a director or officer of any issuer;

(j) Capista be prohibited from becoming or acting as a director or officer of any issuer permanently or for such period as the Commission may order;

(k) Pangia, Capista and Dallas North be reprimanded;

(l) Pangia, Capista and Dallas North, or any of them, pay the costs of Staff’s investigation and this proceeding; and/or

(m) such other order as the Commission may deem appropriate.


BY REASON of the allegations set out in the Statement of Allegations of Staff 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 by counsel if that party attends or submits evidence at the hearing;

AND TAKE FURTHER NOTICE that upon the 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 22nd day of October, 2001.