The Securities Commission has decided to revoke a cease trade order (CTO) previously issued against an issuer for failing to file required continuous disclosure materials as mandated by Ontario securities law. The issuer, after rectifying the defaults by updating their continuous disclosure filings, applied for the revocation of the CTO under National Policy 11-207. The Commission, satisfied that the issuer met the legislative criteria for revocation, granted the order. This decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 144. The revocation reflects the agreement of decision makers in both British Columbia and Ontario, with the order serving as evidence of the decision in Ontario.
