| Notice from the Office of the Secretary |
 |
|
| 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 May 23, 2008 |
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF XI BIOFUELS INC., BIOMAXX SYSTEMS INC., RONALD DAVID
CROWE AND VERNON P. SMITH
AND
IN THE MATTER OF XIIVA HOLDINGS INC. CARRYING ON BUSINESS
AS XIIVA HOLDINGS INC., XI ENERGY COMPANY, XI ENERGY
AND XI BIOFUELS
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF XI BIOFUELS INC., BIOMAXX SYSTEMS INC., RONALD DAVID
CROWE AND VERNON P. SMITH
AND
IN THE MATTER OF XIIVA HOLDINGS INC. CARRYING ON BUSINESS
AS XIIVA HOLDINGS INC., XI ENERGY COMPANY, XI ENERGY
AND XI BIOFUELS
TORONTO – Following a hearing on May 22, 2008, the Commission ordered that the Temporary Orders are extended to June 13, 2008 and the XI Hearing and the Xiiva Hearing for the extension of the Temporary Orders and the hearing of the Respondents’ Motion are adjourned to June 12, 2008 at 10:30 a.m.
A copy of the Order dated May 22, 2008 is available at www.osc.gov.on.ca.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
- 30 -
| For media inquiries: | Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361 |
| For Investor Inquiries: | OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free) |