Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

July 20, 2007


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

- AND -

IN THE MATTER OF
FACTORCORP INC., FACTORCORP FINANCIAL INC.,
AND MARK TWERDUN

TORONTO – Following a hearing held today in the above noted matter, the Panel has ordered that the Temporary Order issued by the Commission on July 6, 2007 be extended until July 25, 2007 at 5:00 p.m. unless further extended by the Panel. The hearing held in the above noted matter shall resume on July 25, 2007 at 9:30 a.m.

A copy of the Temporary Order issued on July 6, 2007 is available at www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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