TORONTO, Nov. 2 /CNW/ - On October 24, 2007, Judge Fairgrieve of the
Ontario Court of Justice found Jose L. Castaneda guilty on two counts of
contravening the Ontario Securities Act. Mr. Castaneda was found guilty of one
count of unregistered trading and one count of trading in securities while
subject to a cease-trade order issued by the Ontario Securities Commission
(OSC). In addition, Mr. Castaneda was found guilty of one count of fraud over
$5000, pursuant to the Criminal Code.
Following submissions on sentencing made by counsel for the OSC and the
Assistant Crown Attorney, a pre-sentence report has been ordered. Sentencing
has been adjourned until 10:00 a.m. on January 14, 2008, and will take place
at Old City Hall, located at 60 Queen Street West, Toronto.
For further information:
For further information: For Media Inquiries: Wendy Dey, (416) 593-8120;
Laurie Gillett, (416) 595-8913; Carolyn Shaw-Rimmington, (416) 593-2361; For
Investor Inquiries: OSC Contact Centre, (416) 593-8314, 1-877-785-1555 (Toll