The Securities Commission has granted an order for Vigil Health Solutions Inc. to cease being a reporting issuer in all Canadian jurisdictions where it currently holds that status. The decision is based on the following key points:
1. Vigil Health Solutions Inc. is not classified as an OTC reporting issuer.
2. The company’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and less than 51 holders worldwide.
3. The company’s securities are not traded on any public marketplace or facility in Canada or internationally where trading data is reported.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it is recognized as such.
5. The company is not in violation of any securities legislation in any jurisdiction.
The British Columbia Securities Commission acted as the principal regulator for this application, and the order also reflects the decision of the securities regulatory authority in Ontario. The decision was made in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications and relevant securities legislation, specifically section 1(10)(a)(ii) of the Securities Act, R.S.O. 1990, c. S.5, as amended. The order meets the legislative requirements for the company to cease being a reporting issuer.