Hearings and Proceedings

Decision Information

Decision Content

THe M A N IT09 A SECURIT I E;S IN THE MATTER OF: THE SECURITIES ACT CDM M I 5 I ON -and-IN THE MATTER OF: KENT EMERSON LOUNDS NOTICE OF HEARING TAKE NOTICE that The Manitoba Securities Commission ("Commission") will hold a public hearing ("Hearing") at its offices at Room 500 - 400 St. Mary Avenue , Winnipeg, Manitoba on Wednesday, the 6 th day of March, 2013 commencing at 9:00 o'clock in the forenoon or so soon thereafter as the Hearing can be held , and from day to day thereafter until the Hearing is concluded , to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended ("Act"): 1. whether or not it is in the public interest to order, pursuant to section 148 of the Act, that Kent Emerson Lounds ("LOU NOS") be cease traded ; 2. whether or not it is in the public interest to order, pursuant to section 19(5) of the Act, that: (a) subsection 19(1) of the Act does not, with respect to such of the trades referred to in that section , apply to LOUNOS; (b) subsection 19(2) of the Act does not, with respect to such of the securities referred to in that section , apply to LOUNOS; 3. whether or not it is in the public interest to order, pursuant to section 148.3 of the Act, that LOUNOS resign and be prohibited from becoming or acting as a director or officer of any issuer; 4. such further and other matters and the making of such further and other orders as the Commission may deem appropriate. BY REASON OF THE FOLLOWING ALLEGA TlONS: By reason of an Order of the Ontario Securities Commission ("OSC") dated May 29, 2012, to be filed, and such other material as staff counsel may advise and the panel may allow.
AND FU NOTiCE that any party to the Hearing, and submit such evidence relevant to the as it may wish , for that purpose, it may obtain from the Director Commission at Room - 400 St. Mary form or forms of summons compel the AND FURTHER NOTICE that upon time and place , the Hearing and the may make or g though that party were DATED at Winnipeg, Manitoba this 29 KENT EMERSON LOUNDS 2 attending or may be by counsel of proceedings may, Winnipeg, Manitoba, a any party to in that party's decision or order as th day of uary, 2013.
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