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Constantine Metal Resources Ltd.

2022-12-08 | Order | Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/constantine-metal-resources-ltd

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


The Securities Commission has granted an application for Constantine Metal Resources Ltd. to cease being a reporting issuer. This decision is based on several key findings:

1. The company is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. Its securities are owned by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide.
3. Its securities are not traded on any marketplace or facility where trading data is publicly reported.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently has this status.
5. The company is not in default of any securities legislation.

The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator, and the order also represents the decision of the securities regulatory authority in Ontario. The company’s application complied with the National Policy 11-206 Process for Cease to be a Reporting Issuer Applications, and the order was granted as it met the necessary legislative criteria.