TORONTO, Jan. 5 /CNW/ - The Ontario Securities Commission announces that on December 22, 2009 charges were laid in the Ontario Court of Justice under section 122 of the Securities Act against Danny Silva De Melo and Steven John Hill.
De Melo and Hill have been served with a summons to appear on January 15, 2010 at 9:00 am in the Ontario Court of Justice, 60 Queen Street West, in Toronto in courtroom 111.
De Melo and Hill are charged with breaching cease trade orders made by the Commission on July 21, July 24 and August 5, 2009.
Pursuant to section 122 of the Securities Act, anyone found guilty of an offence is liable on conviction to a fine of not more than $5 million or to imprisonment for a term of not more than five years less a day, or to both.
For further information: For Media Inquiries: Wendy Dey, Director, Communications & Public Affairs, (416) 593-8120; Theresa Ebden, Senior Communications Specialist, (416) 593-8307; Robert Merrick, Senior Communications Specialist, (416) 593-2315; For Investor Inquiries: OSC Contact Centre, (416) 593-8314, 1-877-785-1555 (Toll Free)