Proceedings

News Release

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 15, 2010


OSC Lays Charges against Howard Rash in Ontario Court of Justice


TORONTO – The Ontario Securities Commission (OSC) said that on June 8, 2010, three charges were laid in the Ontario Court of Justice under Section 122 of the Securities Act against Howard Rash. Mr. Rash has been served with a summons to appear on June 22, 2010, at 10:30 a.m. at the Ontario Court of Justice at 50 Eagle Street in Newmarket, Ontario, in courtroom 205.

Mr. Rash is charged with one count of securities fraud and two counts of breaching cease trade orders made by the Commission. These orders were made on July 27, 2006, and July 23, 2007.

The allegations relate to the trading of securities by Mr. Rash in 2007 and 2008 through a company called Global Energy Group, Ltd.

Pursuant to Section 122 of the Securities Act, anyone found guilty of an offence and on conviction is liable to a fine of not more than $5 million or to imprisonment for a term of not more than five years less a day, or to both.


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416-593-8120

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