The Securities Commission has granted an application by a company for it to cease being a reporting issuer in Canada. The company is not a reporting issuer in the U.S. over-the-counter markets and has fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide. Its securities are not traded on any public marketplace. The company is not in default of any securities legislation. The decision is based on the securities legislation of Alberta and Ontario, specifically section 153 of the Securities Act (R.S.A. 2000, c.S-4), and is supported by the facts presented by the company. The Alberta Securities Commission acted as the principal regulator, and the order also represents the decision of the securities regulatory authority in Ontario. Relevant instruments include National Policy 11-206, Multilateral Instrument 11-102 Passport System, and National Instrument 21-101 Marketplace Operation. The outcome is that the company is no longer a reporting issuer in any Canadian jurisdiction.
