OSC Extends SLJB Cease Trade Order Until 9/7/07
By: carmelbeach
01 Aug 2007, 02:07 AM EDT
Msg. 17802 of 17802
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OSC Extends SLJB Cease Trade Order Until 9/7/07
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA),
SULJA BROS. BUILDING SUPPLIES LTD.,
KORE INTERNATIONAL MANAGEMENT INC.,
PETAR VUCICEVICH AND ANDREW DeVRIES
ORDER
WHEREAS on December 22 2006, the Ontario Securities Commission (the “Commission”) ordered pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that immediately for a period of 15 days from the date thereof: (a) all trading in securities of Sulja Bros. Building Supplies, Ltd. (Nevada) (“Sulja Nevada”) cease; and (b) any exemptions in Ontario securities law do not apply to the Respondents (the “Temporary Order”);
AND WHEREAS on December 27, 2006, the Commission issued a Notice of Hearing and Statement of Allegations in this matter;
AND WHEREAS the Respondents Sulja Nevada, Sulja Bros. Building Supplies Ltd. (“Sulja Ontario”), Kore International Management Inc. (“Kore”), and Petar Vucicevich (“Vucicevich”) do not oppose the continuation of the Temporary Order;
AND WHEREAS on December 22, 2006 and December 28, 2006, respectively, the Respondent Andrew DeVries was served with the Temporary Order and the Notice of Hearing and Statement of Allegations and, having notice of the hearing, did not appear before the Commission to oppose the continuation of the Temporary Order;
AND WHEREAS on January 8, 2007 the Temporary Order was extended to March 23, 2007;
AND WHEREAS on March 23, 2007 the Temporary Order was extended to July 5, 2007;
AND WHEREAS on July 3, 2007 the Temporary Order was extended to a date in August or September, 2007;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT:
1. the Temporary Order is continued until September 7, 2007.
DATED at Toronto this 30th day of July, 2007.
“Patrick LeSage”
Patrick J. LeSage
“Lawrence Ritchie”
Lawrence E. Ritchie
“Wendell S. Wigle”
Wendell S. Wigle
===================================================
Notice from the
Office of the Secretary
Ontario Securities
Commission
Commission des valeurs mobilières de l'Ontario
20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
FOR IMMEDIATE RELEASE
July 31, 2007
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA),
SULJA BROS. BUILDING SUPPLIES LTD.,
KORE INTERNATIONAL MANAGEMENT INC.,
PETAR VUCICEVICH AND ANDREW DeVRIES
TORONTO - On July 30, 2007, the Commission issued an Order in the above noted matter that the Temporary Order issued on July 3, 2007, is continued until September 7, 2007.
A copy of the Order is available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
For media inquiries: Wendy Dey
Director, Communications
& Public Affairs
416-593-8120
Laurie Gillett
Manager, Public Affairs
416-595-8913
For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
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