Replies to post #235333 on Sulja Bros. Building Supplies, Ltd (SLJB)

[chadsly]

Thank you for the clarification. You are correct.

[Jim Bishop]

Monday's hearing is also to set a date and decide whether to make an order on these little things.


(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;