R.S.O. 1990, c. S.5, AS AMENDED
- and -
AiT ADVANCED INFORMATION TECHNOLOGIES CORPORATION,
BERNARD JUDE ASHE and DEBORAH WEINSTEIN
NOTICE OF HEARING
TAKE NOTICE that the Ontario Securities Commission will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended, at the offices of the Commission located at 20 Queen Street West, 17 th Floor, Toronto, Ontario in the Large Hearing Room, commencing on February 26, 2007, at 9:30 a.m. or as soon thereafter as the hearing can be held, to consider whether it is in the public interest to make the following orders against any or all of AiT Advanced Information Technologies Corporation (now 3M Canada Company), Bernard Jude Ashe and Deborah Weinstein (the “Respondents”):
(a) pursuant to paragraph 7 of subsection 127(1), the individual Respondents resign any position they may hold as an officer or director of any issuer;
(b) pursuant to paragraph 8 of subsection 127(1), the individual Respondents be prohibited from becoming or acting as an officer or director of any issuer permanently or for such period as specified by the Commission;
(c) pursuant to clause 9 of subsection 127(1), the Respondents pay an administrative penalty for failure to comply with Ontario securities law;
(d) pursuant to section 127.1, the Respondents pay the costs of Staff’s investigation and the costs of, or related to, this proceeding, incurred by or on behalf of the Commission;
(e) pursuant to clause 6 of subsection 127(1) of the Act, the Respondents will be reprimanded; and
(f) to make such other order as the Commission may deem appropriate.
BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission and such additional allegations as counsel may advise and the Commission may permit;
AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel;
AND TAKE FURTHER NOTICE that upon the 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 12 th day of February, 2007.