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 17, 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., ALLEN GROSSMAN

and ALAN MARSH SHUMAN

TORONTO – Following a hearing held on July 13, 2006, the Commission issued an Order that the Second Temporary Order is extended until the conclusion of the hearing in this matter and that the Hearing is adjourned to September 12, 2006 at 10:00 a.m.

Copies of the Amended Notice of Hearing, Amended Statement of Allegations and the Order are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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