TORONTO, July 15, 2013 /CNW/ - The Commission issued an Order in the above named matter which provides that, pursuant to subsections 127(7) and 127(8) of the Act, the Temporary Order is extended to January 31, 2014, and specifically:
- that all trading in any securities by Welcome Place, Maxsood, Zhang, and Ashraf shall cease;
- that the exemptions contained in Ontario securities law do not apply to any of Welcome Place, Maxsood, Zhang, and Ashraf; and
- that this Order shall not affect the right of any Respondent to apply to the Commission to clarify, amend, or revoke this Order upon seven days written notice to Staff of the Commission.
The Hearing is adjourned to Monday, January 27, 2014 at 10:00 a.m.
A copy of the Order dated July 12, 2013 is available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SOURCE Ontario Securities Commission