Order: In the Matter of Al-tar Energy Corp. et al.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF AL-TAR ENERGY CORP., ALBERTA ENERGY CORP.,
DRAGO GOLD CORP., DAVID C. CAMPBELL, ABEL DA SILVA,
ERIC F. O’BRIEN AND JULIAN M. SYLVESTER
(Section 127(5) of the Securities Act)
WHEREAS on February 14, 2008 the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and Staff of the Commission (“Staff”) filed a Statement of Allegations with respect to this matter (the "Proceeding");
AND WHEREAS the Notice of Hearing sets out that the Hearing is to consider, inter alia, whether, in the opinion of the Commission, it is in the public interest, pursuant to s. 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), to issue a temporary order that: (a) the respondents, Drago Gold Corp. (“Drago Gold”), David C. Campbell (“Campbell”), Abel Da Silva (“Da Silva”) and their employees, agents and/or salespersons shall cease trading in the shares of Al-tar Energy Corp. (“Al-tar”), Alberta Energy Corp. (“Alberta Energy”) and Drago Gold; and, (b) the respondents shall cease trading in any securities (the “Temporary Order”);
AND WHEREAS Staff of the Commission (“Staff”) have served all of the respondents with copies of the Notice of Hearing, Statement of Allegations and Staff’s supporting materials as evidenced by the Affidavits of Service of Wayne Vanderlaan sworn on February 21, 2008 and March 17, 2008 and by the Affidavits of Service of Scott Boyle sworn on March 17 and 19, 2008, and filed with the Commission;
AND WHEREAS Drago Gold and Campbell did not appear to oppose Staff’s request for the Temporary Order;
AND WHEREAS counsel for Da Silva advised the Commission that Da Silva did not oppose the issuance of the Temporary Order;
AND WHEREAS the Panel considered the evidence and submissions before it;
AND WHEREAS pursuant to subsection 127(5) of the Act the Commission is of the opinion that, in the absence of a continuing cease-trade order, the length of time required to conclude a hearing could be prejudicial to the public interest;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make the Temporary Order;
IT IS HEREBY ORDERED pursuant to subsections 127(1) and 127(5) that: (a) the respondents Drago Gold, Campbell, and Da Silva and their employees, agents and/or salespersons shall cease trading in the shares of Al-tar, Alberta Energy and Drago Gold until September 30, 2008; and (b) Drago Gold, Campbell, and Da Silva shall cease trading in any securities until September 30, 2008;
AND IT IS FURTHER ORDERED that the parties to the Proceeding schedule and complete a pre-hearing conference before June 30, 2008.
DATED at Toronto this 19th day of March, 2008.
|“James E. A. Turner”
James E. A. Turner
|“David L. Knight”
David L. Knight, FCA