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

June 13, 2006


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

- AND -  

IN THE MATTER OF
First Global Ventures, S.A.

and Allen Grossman  

TORONTOFollowing a hearing held today, the Commission issued an Order extending the Temporary Cease Trade Order against the respondent First Global Ventures, S.A. until June 28, 2006 . The hearing in this matter was adjourned to Wednesday, June 28, 2006 at 9:00 a.m.

A copy of the Order is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

- 30 -

For media inquiries:

Wendy Dey
Director, Communications
and 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)