The Ontario Securities Commission (OSC) has decided to fully revoke a cease trade order against Aardvark Ventures Inc., previously known as Roca Mines Inc. The original cease trade order was issued due to the company’s failure to file required continuous disclosure materials, including audited financial statements, management’s discussion and analysis (MD&A), and certification of filings as mandated by National Instrument 52-109.
Aardvark Ventures Inc. has since remedied these defaults by updating its continuous disclosure filings and has applied for the revocation of the cease trade order under section 144 of the Ontario Securities Act, R.S.O. 1990, c. S.5. The company has also provided assurances that it will not undertake certain transactions involving material underlying businesses not located in Canada unless it complies with the filing of a preliminary and final prospectus in accordance with applicable securities legislation.
The OSC, upon reviewing the application and considering the public interest, is satisfied that revoking the cease trade order would not be prejudicial to the public interest. Consequently, the OSC has ordered the revocation of the cease trade order against Aardvark Ventures Inc. as of February 16, 2022.