| Notice from the Office of the Secretary |
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| 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 January 22, 2008 |
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SHALLOW OIL & GAS INC., ERIC O’BRIEN, ABEL DA SILVA, GURDIP
SINGH GAHUNIA also known as MICHAEL GAHUNIA, and ABRAHAM
HERBERT GROSSMAN aka ALLEN GROSSMAN
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SHALLOW OIL & GAS INC., ERIC O’BRIEN, ABEL DA SILVA, GURDIP
SINGH GAHUNIA also known as MICHAEL GAHUNIA, and ABRAHAM
HERBERT GROSSMAN aka ALLEN GROSSMAN
TORONTO – The Office of the Secretary issued a Notice of Hearing on January 18, 2008 setting the matter down to be heard on January 30, 2008 at 2:00 p.m. to consider whether it is in the public interest for the Commission:
(1) to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission; and
(2) to make such further orders as the Commission considers appropriate.
A copy of the Notice of Hearing dated January 18, 2008 and Temporary Order dated January 16, 2008 are available at www.osc.gov.on.ca.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
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