The Ontario Securities Commission (OSC) has granted an order recognizing Black Swan Graphene Inc. as a reporting issuer in Ontario under paragraph 1(11)(b) of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended. The company, incorporated in British Columbia, is already a reporting issuer in British Columbia and Alberta, with its securities listed on the TSX Venture Exchange.
The decision was based on the company’s significant connection to Ontario, as its head office and several key officers are located there. The continuous disclosure requirements in British Columbia and Alberta were found to be substantially the same as those in Ontario, and the company was not in default of any requirements or listed as a defaulting reporting issuer.
The OSC determined that granting the status of reporting issuer to Black Swan Graphene Inc. in Ontario would not be prejudicial to the public interest. Consequently, the OSC has designated the company as a reporting issuer in Ontario, effective as of September 16, 2022.