| IN THE MATTER OF: | THE SECURITIES ACT |
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| IN THE MATTER OF: | Synergy Alliance, LLC; Synergy Alliance Two, LLC; Synergy Alliance Fourteen, LLC; Synergy Alliance Group, LLC; Synergy Capital Group, LLC; Synergy Equivest Group, LLC; Synergy Financial Corporation; Synergy Investment Corporation, LLC; Larry W. Tanner; Darin R. Knee; Billy Davis; Gerald W. Blerot; and Bruce Jeffrey Stewart |
NOTICE OF HEARING
TAKE NOTICE that The Manitoba Securities Commission ("Commission") will hold a public hearing ("Hearing") at its offices at Room 1130 - 405 Broadway, Winnipeg, Manitoba on Wednesday, the 5th day of March, 2003 commencing at 9:00 o’clock in the forenoon or so soon thereafter as the Hearing can be held, and from day to day thereafter until the Hearing is concluded, to consider:
1. whether or not it is in the public interest to order that the cease trade Order No. 4054 dated February 19, 2003 issued pursuant to section 148 of The Securities Act ("Act") against the Respondents Synergy Alliance, LLC, Synergy Alliance Two, LLC, Synergy Alliance Fourteen, LLC, Synergy Alliance Group, LLC, Synergy Capital Group, LLC, Synergy Equivest Group, LLC, Synergy Financial Corporation, and Synergy Investment Corporation, LLC (collectively referred to as "Synergy Alliance") be extended permanently or for such period of time as the Commission considers necessary;
2. whether or not it is in the public interest to order that the denial of exemptions Order No. 4054 dated February 19, 2003 issued pursuant to section 19(5) of the Act against the Respondents Larry W. Tanner ("Tanner"), Darin R. Knee ("Knee"), Billy Davis ("Davis"), Gerald W. Blerot ("Blerot"), and Bruce Jeffrey Stewart ("Stewart") be extended permanently or for such period of time as the Commission considers necessary;
3. such further and other matters and the making of such further and other orders as the Commission may deem appropriate.
BY REASON OF THE FOLLOWING ALLEGATIONS:
1. The Commission issued Order No. 4054 dated February 19, 2003 pursuant to sections 148 and 19(5) of the Act ("Order") ordering that securities of Synergy Alliance be cease traded forthwith and that Tanner, Knee, Davis, Blerot, and Stewart be denied the exemptions under the Act forthwith;
2. The Order was issued without notice to any of the Respondents on the basis that the holding of a hearing would cause a delay which would be prejudicial to the public interest;
3. The Order unless extended by further order of the Commission will expire on March 5th , 2003;
4. Information has been received by staff of the Commission whereby Synergy Alliance, Tanner, Knee, Davis, Blerot and Stewart have been and may continue to be promoting the trading of securities in a Synergy Alliance company through an investment proposal whereby the investor provides funds to a Synergy Alliance company and receives shares in return and, furthermore, whereby the Synergy Alliance company in turn provides funding to a project, which upon completion results in funds back to the Synergy Alliance company, with which the Synergy Alliance company then repurchases the shares from the investor at a buy back amount, resulting in a return to the investor of 3:1 or more depending upon the amount initially invested;
5. Commission staff are in the process of continuing to gather further evidence related to this matter, which evidence may not be obtained by March 5th, 2003.
AND FURTHER TAKE NOTICE that a person or company attending or submitting evidence at the Hearing may be represented by counsel of its choice.
AND FURTHER TAKE NOTICE that any party to the proceedings may, at the Hearing, call witnesses and submit such evidence relevant to the Hearing as it may wish and, for that purpose, it may obtain from the Director of the Commission at Room 1130 - 405 Broadway, Winnipeg, Manitoba, a form or forms of summons to compel the attendance of witnesses.
AND FURTHER TAKE NOTICE that upon failure of any party to attend at the time and place aforesaid, the Hearing may proceed in that party's absence and the Commission may make or give any decision or order as though that party were present.
DATED at Winnipeg, Manitoba this 19th day of February, 2003.
Director, Legal and Enforcement
| TO: | Synergy Alliance, LLC |
| AND TO: | Synergy Alliance Two, LLC |
| AND TO: | Synergy Alliance Fourteen, LLC |
| AND TO: | Synergy Alliance Group, LLC |
| AND TO: | Synergy Capital Group, LLC |
| AND TO: | Synergy Equivest Group, LLC |
| AND TO: | Synergy Financial Corporation |
| AND TO: | Synergy Investment Corporation, LLC |
| AND TO: | Larry W. Tanner |
| AND TO: | Darin R. Knee |
| AND TO: | Billy Davis |
| AND TO: | Gerald W. Blerot |
| AND TO: | Bruce Jeffrey Stewart |