Notice of Hearing: In the Matter of Limelight Entertainment Inc. et al.

Notice of Hearing

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

and

IN THE MATTER OF
LIMELIGHT ENTERTAINMENT INC., CARLOS A. DA SILVA,
DAVID C. CAMPBELL AND JACOB MOORE

NOTICE OF HEARING
Sections 127 and 127(1)

TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. s.5, as amended (the “Act”) at its offices at 20 Queen Street West, 17 th Floor Hearing Room on Thursday, the 13th day of April, 2006 at 10:00 a.m. or as soon thereafter as the hearing can be held to consider whether, pursuant to s. 127 and s. 127.1 of the Act, it is in the public interest for the Commission:

(1) to issue a temporary order that all trading in the securities of Limelight Entertainment Inc. (“Limelight”) cease (the “Temporary Order”) pursuant to s. 127(5) of the Act;

(2) at the conclusion of the hearing, to make an order pursuant to paragraph 2 of s. 127(1) that trading in the securities of Limelight cease until further order of this Commission;

(3) at the conclusion of the hearing, to make an order against any or all of the Respondents that:

(a) trading in any securities of or by the Respondents cease permanently or for such period as is specified by the Commission, pursuant to paragraph 2 of s. 127 (1);

(b) any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such period as is specified by the Commission, pursuant to paragraph 3 of s. 127(1);

(c) the Respondents be reprimanded, pursuant to paragraph 6 of s. 127(1);

(d) the individual Respondents be prohibited from becoming or acting as a director or officer of any issuer pursuant to paragraph 8 of s. 127(1);

(e) the Respondents be prohibited from telephoning residences within or outside Ontario for the purpose of trading in securities, pursuant to section 37(1);

(f) the Respondents pay an administrative penalty for failing to comply with Ontario securities law, pursuant to paragraph 9 of s. 127(1);

(g) the Respondents disgorge to the Commission any amounts obtained as a result of non-compliance with Ontario securities law, pursuant to paragraph 10 of s. 127(1); and

(h) the Respondents be ordered to pay the costs of the Commission investigation and the costs of, or related to, this hearing, pursuant to s. 127.1; and

(4) to make such further orders as the Commission considers appropriate.

       BY REASON OF the allegations set out in the Statement of Allegations dated April 4, 2006 and such further additional allegations as counsel may advise and the Commission may permit;

       AND TAKE FURTHER NOTICE that any party to the proceedings 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.

      DATED at Toronto this 7 th day of April, 2006.

 

“John P. Stevenson”
Secretary to the Commission