The Securities Commission has granted Mimi’s Rock Corp. an order to cease being a reporting issuer, meaning it will no longer be subject to public reporting requirements in Canada. This decision is based on the company meeting several conditions: it is not an OTC reporting issuer, it has fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide, its securities are not traded on any public markets, and it is not in default of any securities legislation. The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and follows the procedures outlined in National Policy 11-206. The Ontario Securities Commission acted as the principal regulator for this application, with the decision also applying to British Columbia and Alberta through the Multilateral Instrument 11-102 Passport System.
