Hearings and Proceedings

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,. co UO:I ITII:. IN THE MATTER OF: THE SECURITIES ACT -and-IN THE MATTER OF: TEODOSIO VINCENT PANGIA NOTICE OF HEARING TAKE NOTIC E that The Manitoba Securities Commission ("Commission") will hold a public hearing ("Hearing") at its offices at Room 500 - 400 St. Mary Avenue, W innipeg, Manitoba on Wednesday, the 11 m day of January, 2012 commencing at 9:00 o'clock in the fo renoon 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 Teodosio V incent Pangia ("PANGIA") 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, w ith respect to such of the trades referred to in that section, apply to PANGIA; (b) subsection 19(2) of the Act does not , with respect to such of the securities referred to in that section , apply to PANGIA; 3. whether or not it is in the pub lic interest to order, pursuant to section 148.3 of the Act, that PANGIA resign and be prohibited from 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 ALLEGATIONS: By reason of an Order of the Ontario Securities Commission ("OSC") dated April 8, 2010 with Settlement Agreement dated February 22 , 2010 between
2 the respondent and the Director, Enforcement Branch of the OSC, to be filed , and such other material as staff counsel may advise and the panel may allow. AND FURTHER TAKE NOTICE that a person or company attending or submi tting evidence at the Hearing may be represented by counsel of its choice. AND FURTHER TAKE NOTICE that any party to the proceedings may, at the Hearing , call witnesses and submit such evidence relevant to the Hearing as it may wish and , for that purpose, it may obtain from the Director of the Commission at Room 500 - 400 St. Mary Avenue, Winnipeg, Mani toba, a form or forms of summons to compel the attendance of witnesses. AND FURTHER TAKE NOTICE that upon failure of any party to attend at the time and place aforesaid, the Hearing may proceed in that party's absence and the Commission may make or give any decision or order as though that party were present. DATED at Winnipeg , Manitoba th is 23 rd day of November, 2011. Direc 0 , Legal and Enforcement TO: TEODOSIO VINCENT PANGIA
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