Staff of the Ontario Securities Commission brought a motion seeking to waive service on the respondent, Threegold Resources Inc., and to proceed with a combined merits and sanctions hearing in writing.
The Commission found that Staff had exhausted all reasonable efforts to locate and serve the respondent, which had no active directors, officers, or business address.
The Commission waived the service and disclosure requirements, and ordered that the merits and sanctions hearings be combined and conducted in writing to ensure a just, expeditious, and cost-effective proceeding.
