Andrew Rankin Convictions Set Aside on Appeal

For Immediate Release Before the Court OSC

News Release
Communiqué


Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

November 9, 2006

Andrew Rankin Convictions Set Aside on Appeal

TORONTO – His Honour Mr. Justice Ian Nordheimer issued his decision and reasons today in respect of the appeal of the conviction and sentence of Andrew Rankin by His Honour Judge Ramez Khawly. The appeal was argued on October 19 and 20, 2006 at the Ontario Court of Justice (Superior Court). On October, 20, 2006, Justice Nordheimer reserved his decision to November 9, 2006.

In his decision, Justice Nordheimer set aside the convictions and ordered a new trial. The Commission will review the decision and reasons and consider its options in this matter.

The decision and reasons may be obtained from the Court.

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