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 PRO-FINANCIAL ASSET MANAGEMENT INC.

TORONTO, Aug. 27, 2013 /CNW/ - The Commission issued an Order in the above named matter which provides that:

1. the Temporary Order is extended to October 11, 2013;
   
   
2. the affidavit of Michael Ho sworn August 22, 2013 and the affidavit of Stuart McKinnon sworn August 23, 2013 will be treated as confidential documents until further order of the Commission;
   
   
3. PFAM will deliver to Staff the final PPN reconciliation report by 4:30 p.m. on September 30, 2013; and
   
   
4. the hearing to consider whether to: (i) make any further order as to PFAM's registration as an adviser in the category of PM or in respect of its operation as an IFM, as a result of PFAM's ongoing capital deficiency; and/or (ii) otherwise vary or extend the terms of the Temporary Order, will proceed on October 9, 2013 at 11:00 a.m.

A copy of the Order dated August 23, 2013 is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

SOURCE: Ontario Securities Commission

For media inquiries:
[email protected]

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

Aly Vitunski
Senior Media Relations Specialist
416-593-8263

Alison Ford
Media Relations Specialist
416-593-8307

For investor inquiries:

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