The Securities Commission has granted an application by an issuer for it to cease being a reporting issuer in all Canadian jurisdictions where it had this status. This decision is based on the issuer meeting specific criteria: it is not an OTC reporting issuer, its securities are held by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide, its securities are not traded on any public marketplace, it has requested to cease being a reporting issuer, and it is not in default of any securities legislation. The decision is supported by the relevant securities legislation, specifically section 1(10)(a)(ii) of the Securities Act (Ontario) and is consistent with National Policy 11-206 and Multilateral Instrument 11-102. The Ontario Securities Commission, acting as the principal regulator, has determined that the issuer has met the necessary conditions to cease being a reporting issuer.
