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Notice from the Office of the Secretary - Ontario Securities Commission

IN THE MATTER OF
THE SECURITIES ACT, RSO 1990, c S.5

- AND -

IN THE MATTER OF
MONEY GATE MORTGAGE INVESTMENT CORPORATION,
MONEY GATE CORP., MORTEZA KATEBIAN 
and PAYAM KATEBIAN

TORONTO , April 19, 2017 /CNW/ - The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on April 27, 2017 at 10:00 a.m. to consider whether, in the opinion of the Commission, it is in the public interest pursuant to subsections 127(1) and (5) of the Act, for the Commission to issue a temporary order that: 


a)     

pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in securities of Money Gate Mortgage Investment Corporation ("MGMIC") shall cease;


b)     

pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to MGMIC, Money Gate Corp., Morteza Katebian and Payam Katebian; and


c)     

to make such other orders as the Commission considers appropriate.


A copy of the Notice of Hearing dated April 19 , 2017and the Application to Issue a Temporary Order dated April 7, 2017 are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
GRACE KNAKOWSKI
SECRETARY TO THE COMMISSION

SOURCE Ontario Securities Commission


View original content: http://www.newswire.ca/en/releases/archive/April2017/19/c1786.html