IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF
AMTE SERVICES INC., OSLER ENERGY CORPORATION, RANJIT GREWAL,
PHILLIP COLBERT AND EDWARD OZGA
WHEREAS on October 15, 2012, pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), the Ontario Securities Commission (the “Commission”) issued the following order (the “Temporary Order”) against AMTE Services Inc. (“AMTE”), Osler Energy Corporation (“Osler”), Ranjit Grewal (“Grewal”), Phillip Colbert (“Colbert”) and Edward Ozga (“Ozga”)(collectively, the “Respondents”):
- pursuant to clause 2 of subsection 127(1) of the Act, all trading by and in the securities of AMTE shall cease; all trading by and in the securities of Osler shall cease; all trading by Grewal shall cease; all trading by Colbert shall cease; and all trading by Ozga shall cease.
- pursuant to clause 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to any of the Respondents.
AND WHEREAS on October 15, 2012, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;
AND WHEREAS on October 16, 2012, the Commission issued a Notice of Hearing to consider the extension of the Temporary Order, to be held on October 25, 2012 at 2:00 p.m.;
AND WHEREAS on October 25, 2012, a hearing was held before the Commission and Staff of the Commission (“Staff”) and counsel for Colbert appeared and made submissions;
AND WHEREAS Grewal and Ozga did not appear and no one appeared on behalf of AMTE and Osler, although properly served with the Notice of Hearing;
AND WHEREAS counsel for Colbert consented to the extension of the Temporary Order;
AND WHEREAS Staff advised the Commission that Grewal consented to the extension of the Temporary Order;
AND WHEREAS the Commission considered the evidence and submissions before it and is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT:
- The Temporary Order is extended until January 29, 2013 or until further order of the Commission; and
- The hearing is adjourned until January 28, 2013 at 10:00 a.m. or on such other date or time as provided by the Office of the Secretary and agreed to by the parties.
DATED at Toronto this 25th day of October, 2012.
Paulette L. Kennedy