The Ontario Securities Commission (OSC) has issued an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA) that Aquila Resources Inc. is deemed to have ceased to be offering its securities to the public. This decision is based on the application and representations made by Aquila Resources Inc., which include:
1. The company is an offering corporation under the OBCA.
2. Its head office is located in Ontario.
3. It has no plans to seek public financing through securities offerings.
4. It was previously granted an order on January 6, 2022, confirming that it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206.
5. The facts presented in the earlier Reporting Issuer Order remain accurate.
The OSC concluded that granting this order would not be against the public interest. The decision was made on January 12, 2022, and is in accordance with the relevant laws and regulations, specifically subsection 1(6) of the OBCA.