Proceedings

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IN THE MATTER OF

PARAMOUNT EQUITY FINANCIAL CORPORATION, SILVERFERN SECURED MORTGAGE FUND, SILVERFERN SECURED MORTGAGE LIMITED PARTNERSHIP, GTA PRIVATE CAPITAL INCOME FUND, GTA PRIVATE CAPITAL INCOME LIMITED PARTNERSHIP, SILVERFERN GP INC., PARAMOUNT ALTERNATIVE CAPITAL CORPORATION, PACC AINSLIE CORPORATION, PACC COSTIGAN CORPORATION, PACC CRYSTALLINA CORPORATION, PACC DACEY CORPORATION, PACC GOULAIS CORPORATION, PACC HARRIET CORPORATION, PACC MAJOR MACK CORPORATION, PACC MAPLE CORPORATION, PACC MULCASTER CORPORATION, PACC REGENT CORPORATION, PACC SCUGOG CORPORATION, PACC SECHELT CORPORATION, PACC SHAVER CORPORATION, PACC SIMCOE CORPORATION, PACC THOROLD CORPORATION, PACC WILSON CORPORATION, TRILOGY MORTGAGE GROUP INC., TRILOGY EQUITIES GROUP LIMITED PARTNERSHIP, MARC RUTTENBERG, RONALD BRADLEY BURDON AND MATTHEW LAVERTY

File No. 2019-12

NOTICE OF WITHDRAWAL

WHEREAS Paramount Alternative Capital Corporation (PACC) and the PACC Affiliates, as defined in the Amended Statement of Allegations, dated May 24, 2019, are inactive corporations and do not hold any funds or assets;

AND WHEREAS All PACC Affiliates, except for PACC Costigan Corporation, PACC Regent Corporation, PACC Sechelt Corporation, and PACC Thorold Corporation (collectively, the Non-Receivership PACC Affiliates), are subject to Receivership;

AND WHEREAS The Non-Receivership PACC Affiliates either did not hold any interest in any existing development project, or held interest in a development project where the associated mortgage was discharged;

AND WHEREAS Trilogy Equities Group Limited Partnership is not an existing entity;

Staff of the Enforcement Branch (Staff) withdraws the Statement of Allegations against:

a. Paramount Alternative Capital Corporation;

b. PACC Ainslie Corporation;

c. PACC Costigan Corporation;

d. PACC Crystallina Corporation;

e. PACC Dacey Corporation;

f. PACC Goulais Corporation;

g. PACC Harriet Corporation;

h. PACC Major Mack Corporation;

i. PACC Maple Corporation;

j. PACC Mulcaster Corporation;

k. PACC Regent Corporation;

l. PACC Scugog Corporation;

m. PACC Sechelt Corporation;

n. PACC Shaver Corporation;

o. PACC Simcoe Corporation;

p. PACC Thorold Corporation;

q. PACC Wilson Corporation; and

r. Trilogy Equities Group Limited Partnership,

as shown in the Amended Amended Statement of Allegations attached as Schedule A if Staff's motion for permission to amend the Amended Statement of Allegations dated February 27, 2020 (the Amendment Motion) is granted, or alternatively, Schedule B if Staff's Amendment Motion is not granted.

DATED this 9th day of March, 2020.

Mark Bailey
Senior Litigation Counsel
(416) 593-8254
Vivian Lee
Litigation Counsel
(416) 597-7243
Staff of the Enforcement Branch
Ontario Securities Commission
20 Queen St W, Suite 2200
Toronto, Ontario M5H 3S8