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Aumento Capital X Corp.

2023-07-18 | Decision | Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/aumento-capital-x-corp

Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).


The Securities Commission has granted Aumento Capital X Corp. (the Filer) an order to cease being a reporting issuer, meaning it will no longer be subject to the reporting requirements of the securities legislation in Canadian jurisdictions where it was recognized as such. This decision is based on the Filer meeting certain criteria: it is not an OTC reporting issuer, its securities are held by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. The order was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and is supported by the provisions of National Policy 11-206, Multilateral Instrument 11-102 Passport System, and other relevant securities regulations. The Ontario Securities Commission, acting as the principal regulator, has determined that the Filer met the necessary conditions for the order to be granted.