Ontario Court sentences Jose L. Castaneda



    TORONTO, Jan. 22 /CNW/ - On Friday, January 18, 2008, Justice Fairgrieve
of the Ontario Court of Justice sentenced Jose L. Castaneda to two years less
a day imprisonment on one count of fraud over $5000, pursuant to the Criminal
Code.
    In addition, Mr. Castaneda received a six-month sentence of imprisonment
for trading in securities without being registered to do so, and a separate
six-month sentence of imprisonment for contravening Ontario Securities Law by
trading in securities while subject to a cease-trade order issued by the
Ontario Securities Commission (OSC). The three sentences will be served
concurrently.
    Pursuant to the restitution order provisions of the Criminal Code,
Justice Fairgrieve also ordered Mr. Castaneda to make payments totalling
$848,500 to his victims.
    The OSC proceedings against Jose L. Castaneda before a Commission panel
will continue on February 19, 2008.





For further information:

For further information: For Media Inquiries: Wendy Dey, Director,
Communications & Public Affairs, (416) 593-8120; Laurie Gillett, Manager,
Public Affairs, (416) 595-8913; Carolyn Shaw-Rimmington, Manager, Public
Affairs, (416) 593-2361; For Investor Inquiries: OSC Contact Centre, (416)
593-8314, 1-877-785-1555 (Toll Free)


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