Notice from the Office of the Secretary - IN THE MATTER OF THE SECURITIES ACT R.S.O. 1990, c. S.5, AS AMENDED - AND - IN THE MATTER OF DAVID CHARLES PHILLIPS

TORONTO, May 16, 2012 /CNW/ - The Office of the Secretary issued a Notice of Hearing on May 16, 2012 setting the matter down to be heard on May 30, 2012 at 2:30 p.m. to consider whether it is in the public interest for the Commission:

(1) to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission; and

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

A copy of the Notice of Hearing dated May 16, 2012 and Temporary Order dated May 15, 2012 are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

For media inquiries:
[email protected]

Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Dylan Rae
Media Relations Specialist
416-595-8934

For investor inquiries:

OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)