TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. c. S.5, as amended (the “Act”), at the offices of the Commission at 20 Queen Street West, Toronto, Ontario, in the Large Hearing Room, 17 th Floor, commencing on January 8, 2007 at 10:00 a.m. or as soon thereafter as the hearing can be held,
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
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SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA),
SULJA BROS. BUILDING SUPPLIES LTD.,
KORE INTERNATIONAL MANAGEMENT INC.,
PETER VUCICEVICH and ANDREW DeVRIES
NOTICE OF HEARING
(Sections 127 and 127.1)
TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. c. S.5, as amended (the “Act”), at the offices of the Commission at 20 Queen Street West, Toronto, Ontario, in the Large Hearing Room, 17 th Floor, commencing on January 8, 2007 at 10:00 a.m. or as soon thereafter as the hearing can be held,
TO CONSIDER whether, in the opinion of the Commission, it is in the public interest for the Commission to make an order:
(a) pursuant to s. 127(7), to extend the temporary order made December 22, 2006 until the final disposition of this matter or until such time as the Commission considers appropriate; and
(b) to set a date upon which the Commission will hold a hearing pursuant to sections 127(1) and 127.1 of the Act to consider, by reason of the allegations of Staff of the Commission as set out in the Statement of Allegations dated December 27, 2006, whether to make an order:
(i) pursuant to paragraph 2 of subsection 127(1), that trading in any securities by the Respondents or any of them cease permanently or for such other period as specified by the Commission;
(ii) pursuant to paragraph 3 of subsection 127(1), that any exemptions contained in Ontario securities law permanently do not apply to the Respondents or any of them or for such other period as specified by the Commission;
(iii) pursuant to paragraph 7 of subsection 127(1), that the Respondents or any of them resign from any positions that they hold as directors or officers of an issuer permanently or for such other period as specified by the Commission; and
(iv) pursuant to paragraph 8 of subsection 127(1), that the Respondents or any of them be prohibited from becoming or acting as a director or officer of any issuer permanently or for such other period as specified by the Commission.
(v) pursuant to paragraph 9 of subsection 127(1), that the Respondents or any of them, pay an administrative penalty of not more than $1 million for each failure to comply with Ontario securities law;
(vi) pursuant to paragraph 10 of subsection 127(1), that the Respondents or any of them disgorge to the Commission any amounts obtained as a result of their non-compliance with Ontario securities law;
(vii) pursuant to section 127.1, that the Respondents or any of them pay the costs of the investigation and/or the costs of or related to the hearing incurred by or on behalf of the Commission;
AND TAKE FUTHER 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 27 th day of December, 2006
“John Stevenson”
Secretary to the Commission
TO: SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA)
3638 N. Rancho Drive, Suite 6
Las Vegas, Nevada, 89130
AND TO: SULJA BROS. BUILDING SUPPLIES LTD.
1710 Erie St. South
Harrow, Ontario
AND TO: KORE INTERNATIONAL MANAGEMENT INC.
490 Pelissier Street,
Windsor, Ontario
AND TO: PETAR VUCICEVICH
286 County Road Fifty West
Harrow, Ontario
AND TO: ANDREW DeVRIES
527 Winwood Drive
San Antonio, Texas
osc.gov.on.ca |
