Date Set for the New Trial of Andrew Rankin

For Immediate Release Before the Court OSC

TORONTO – The new trial with respect to Andrew Rankin on 10 counts of “tipping” contrary to section 76(2) of the Securities Act, will commence on February 18, 2008 in Courtroom 502, College Park Courthouse (444 Yonge Street, Toronto, Ontario). The date was fixed by the court, on consent of the parties. The new trial is scheduled to run until March 28, 2008.

The charges on which the new trial against Mr. Rankin will take place are contained at paragraphs 1, 3, 5, 7, 9, 11, 13, 15, 17 and 19 in Appendix “A” to the original Information dated February 2, 2004. This Information is located on the OSC website at www.osc.gov.on.ca.

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APPENDIX "A"
(TO THE INFORMATION RESPECTING
CHARGES AGAINST ANDREW RANKIN)

  • In or about the months of October, 2000 to February, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Canadian Pacific Railway Limited ('CP'), did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to CP before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Securities Act, R.S.O. 1990, c.S.5, as amended (the "Act").
  • In or about the months of October, 2000 to February, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Canadian Pacific Railway Limited ('CP'), did purchase securities of CP, together with Daniel Duic, with the knowledge of a material fact or material change with respect to CP that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of November and December, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Moffat Communications Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Moffat Communications Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of November and December, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Moffat Communications Inc., did purchase securities of Moffat Communications Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Moffat Communications Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of March to July 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Canadian Satellite Communications Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Canadian Satellite Communications Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of March to July, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Canadian Satellite Communications Inc., did purchase securities of Canadian Satellite Communications Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Canadian Satellite Communications Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the month of August, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Clearnet Communications Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Clearnet Communications Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the month of August, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Clearnet Communications Inc., did purchase securities of Clearnet Communications Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Clearnet Communications Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of May and June 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Prudential Steel Ltd., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Prudential Steel Ltd. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of May and June 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Prudential Steel Ltd., did purchase securities of Prudential Steel Ltd., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Prudential Steel Ltd. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of May and June, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Winspear Diamonds Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Winspear Diamonds Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of May and June, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Winspear Diamonds Inc., did purchase securities of Winspear Diamonds Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Winspear Diamonds Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of February and March, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Irwin Toy Limited, did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Irwin Toy Limited before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of February and March, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Irwin Toy Limited, did purchase securities of Irwin Toy Limited, together with Daniel Duic, with the knowledge of a material fact or material change with respect to Irwin Toy Limited that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of December, 1999 to February, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Donohue Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Donohue Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of December, 1999 to February, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Donohue Inc., did purchase securities of Donohue Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Donohue Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of April and May, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship withCobequid Life Sciences Inc., did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Cobequid Life Sciences Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of April and May, 2000, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Cobequid Life Sciences Inc., did purchase securities of Cobequid Life Sciences Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Cobequid Life Sciences Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.
  • In or about the months of September, 2000 to March, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Alliance Forest Products Inc. did inform, other than in the necessary course of business, Daniel Duic, of a material fact or material change with respect to Alliance Forest Products Inc. before the material fact or material change had been generally disclosed, contrary to subsections 76(2) and 122(1)(c) of the Act.
  • In or about the months of September, 2000 to March, 2001, at the City of Toronto and elsewhere in the Province of Ontario, being a person in a special relationship with Alliance Forest Products Inc., did purchase securities of Alliance Forest Products Inc., together with Daniel Duic, with the knowledge of a material fact or material change with respect to Alliance Forest Products Inc. that had not been generally disclosed, contrary to subsections 76(1) and 122(1)(c) of the Act.