The Securities Commission has granted an application by an issuer for an order to cease being a reporting issuer. The issuer is not an OTC reporting issuer and its securities are owned by fewer than 15 securityholders in each jurisdiction in Canada and fewer than 51 worldwide. No securities are traded on any marketplace, and the issuer is not in default of securities legislation, except for not filing certain continuous disclosure documents. The decision is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The issuer has completed a statutory plan of arrangement, becoming a wholly-owned subsidiary and delisting its shares from the Toronto Stock Exchange. The simplified procedure under National Policy 11-206 was not applicable due to the filing default, but the order was granted as the issuer met all other requirements.
