Dual Capital Management Proceeding to be Continued

Toronto - A judicial pre-trial conference was held today in the Ontario Court of Justice proceeding against Dual Capital Management Limited, Warren Lawrence Wall and Shirley Joan Wall. The pre-trial conference in respect of this matter is scheduled to continue on Friday, March 24, 2000 at 10:00 a.m. before a Judge of the Ontario Court of Justice in Chambers at 114 Worsley Street, Barrie, Ontario.

A copy of the Appendix to the Summons, which sets out the charges against Dual Capital Management Limited, Warren Lawrence Wall and Shirley Joan Wall, may be obtained from the Commission, 8th Floor, 20 Queen Street West, Toronto, Ontario and is available on the Commission's web site at www.osc.gov.on.ca.

References: Frank Switzer
Manager
Corporate Relations
(416) 593-8120

Michael Watson
Director
Enforcement Branch
(416) 593-8156

APPENDIX A

 

1. DUAL CAPITAL MANAGEMENT LIMITED and WARREN LAWRENCE WALL between October 13, 1994 and December 4, 1996, at the City of Barrie, County of Simcoe in the Central East Region and elsewhere in the Province of Ontario did trade in securities, namely, limited partnership units of Dual Capital Limited Partnership without being registered to trade in such securities as required by section 25(1) of the Securities Act, R.S.O. 1990, c.S.5, as amended and did thereby commit an offence contrary to section 122(1)(c) of the Securities Act, R.S.O. 1990, c.S.5, as amended;
2. SHIRLEY JOAN WALL between October 13, 1994 and June 27, 1995, at the City of Barrie, County of Simcoe in the Central East Region and elsewhere in the Province of Ontario did trade in securities, namely, limited partnership units of Dual Capital Limited Partnership without being registered to trade in such securities as required by section 25(1) of the Securities Act, R.S.O. 1990, c.S.5, as amended and did thereby commit an offence contrary to section 122(1)(c) of the Securities Act, R.S.O. 1990, c.S.5, as amended;

    

3. WARREN LAWRENCE WALL and SHIRLEY JOAN WALL, between October 13, 1994 and December 4, 1996, in the City of Barrie, County of Simcoe in the Central East Region and elsewhere in the Province of Ontario, being a director or officer of Dual Capital Management Limited did authorize, permit or acquiesce in the offence committed by Dual Capital Management Limited described in count 1 and did thereby commit an offence contrary to section 122(3) of the Securities Act, R.S.O. 1990, c.S.5, as amended;

    

4. DUAL CAPITAL MANAGEMENT LIMITED, WARREN LAWRENCE WALL, and SHIRLEY JOAN WALL, between October 13, 1994 and December 4, 1996, in the City of Barrie, County of Simcoe in the Central East Region and elsewhere in the Province of Ontario did trade in securities, namely limited partnership units of Dual Capital Limited Partnership where such trading was a distribution of such securities, without having filed a preliminary prospectus and a prospectus and obtaining receipts therefor from the Director as required by section 53(1) of the Securities Act, R.S.O. 1990, c.S.5, as amended and did thereby commit an offence contrary to section 122(1)(c) of the Securities Act, R.S.O. 1990, c.S.5, as amended;

    

5. WARREN LAWRENCE WALL and SHIRLEY JOAN WALL, between October 13, 1994 and December 4, 1996, in the City of Barrie, County of Simcoe in the Central East Region and elsewhere in the Province of Ontario, being a director or officer of Dual Capital Management Limited did authorize, permit or acquiesce in the offence committed by Dual Capital Management Limited described in count 4 and did thereby commit an offence contrary to section 122(3) of the Securities Act, R.S.O. 1990, c.S.5, as amended.