The Securities Commission has granted an order for Zonia Holdings Corp. to cease being a reporting issuer under the applicable securities laws. The decision was made based on the company’s application and the following key points:
1. Zonia Holdings Corp. is not an OTC reporting issuer as per Multilateral Instrument 51-105.
2. The company’s securities are held by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide.
3. No securities of the company are traded on any marketplace or facility where trading data is publicly reported, either in Canada or internationally.
4. Zonia Holdings Corp. has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The company is not in default of any securities legislation in any jurisdiction.
The order was issued in accordance with the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator for the application, and the order also reflects the decision of the securities regulatory authority in Ontario. The order meets the legislative requirements for a company to cease being a reporting issuer, as determined by the Decision Makers.