Ontario Securities Commission - In Respect of the Statement of Allegations against Frank Dunn, Douglas Beatty and Michael Gollogly

    TORONTO, March 12 /CNW/ - Today, the Office of the Secretary issued a
Notice of Hearing along with the related Statement of Allegations of Staff of
the Commission against Frank Dunn, Douglas Beatty and Michael Gollogly.
Commission Staff wish to acknowledge the assistance of Staff of the U.S.
Securities and Exchange Commission, which conducted its own separate, parallel
investigation of these matters.

For further information:

For further information: For media inquiries: Wendy Dey, Director,
Communications and Public Affairs, (416) 593-8120; 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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