The Securities Commission has granted an order for Endeavour Mining Corporation to cease being a reporting issuer under applicable securities laws. The decision was made based on the company’s application and the following key facts:
1. Endeavour Mining Corporation is not an OTC reporting issuer.
2. The company’s securities are held by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide.
3. The company’s securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds that 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, and the decision also reflects the agreement of the securities regulatory authority in Ontario. The company relied on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System for the application in various other Canadian provinces. The outcome allows Endeavour Mining Corporation to no longer be subject to the reporting requirements of a reporting issuer.