The Ontario Securities Commission (OSC) has granted ABC Technologies Holdings Inc.’s application to cease being a reporting issuer in all Canadian jurisdictions where it is currently a reporting issuer. The decision is based on several factors: ABC Technologies is not an OTC reporting issuer under Multilateral Instrument 51-105; its securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide; its securities are not traded on any public marketplace; and it is not in default of securities legislation in any jurisdiction. The decision is in line with the Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii) and National Policy 11-206 Process for Cease to be a Reporting Issuer Applications.
