R.S.O. 1990, C.S.5, AS AMENDED

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WHEREAS a Notice of Hearing and related Statement of Allegations was issued on December 17, 2001 in respect of Yorkton Securities Inc., Gordon Scott Paterson, Piergiorgio Donnini, Roger Arnold Dent, Nelson Charles Smith and Alkarim Jivraj.

AND WHEREAS by Order dated December 19, 2001 the Commission approved proposed settlement agreements entered into between Staff of the Commission and each of the respondents Yorkton, Paterson, Dent, Smith and Jivraj.

AND WHEREAS by Order of the Commission dated January 24, 2002 the proceeding in respect of Piergiorgio Donnini was adjourned for a hearing to be held on May 13, 14, 15, 16, and 17, 2002.

TAKE NOTICE that the Commission will hold a hearing pursuant to sections 127(1) and 127.1 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the "Act") at the offices of the Commission located at 20 Queen Street West, Toronto, Ontario, in the Large Hearing Room, 17th Floor, on Monday, the 13th day of May 2002 to Friday, the 17th day of May, 2002, at 10:00 a.m., or as soon thereafter as the hearing can be held:

TO CONSIDER whether, pursuant to sections 127(1) and 127.1 of the Act, it is in the public interest for the Commission:

(a) to make an order that trading in securities by Donnini cease permanently or for such other period as specified by the Commission;
(b) to make an order that the registration of Donnini be suspended for such period as is specified in the order or be terminated, or that terms and conditions be imposed on the registration of Donnini;
(c) to make an order that Donnini be prohibited from becoming or acting as director or officer of any issuer;
(d) to make an order that Donnini resign one or more positions which Donnini may hold as an officer or director of any issuer;
(e) to make an order that the respondent Donnini be reprimanded;
(f) to make an order that the respondent Donnini pay the costs of Staff's investigation and the costs of, or related to, this proceeding, incurred by or on behalf of the Commission; and
(g) such other order or orders as Staff may request and the Commission consider appropriate.

BY REASON OF the allegations set out in the related Statement of Allegations of Staff dated December 17, 2001, as amended, 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 at the hearing;

AND TAKE FURTHER NOTICE that upon 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.

at Toronto this 7th day of May, 2002.

John Stevenson
Secretary to the Commission

To: Mr. Alan Lenczner, Q.C.
Lenczner Slaght Royce Smith Griffin
2600-130 Adelaide Street West
M5H 3P5

Counsel for Piergiorgio Donnini