The Securities Commission has granted an application for Altus Strategies Plc to cease being a reporting issuer in Canada. This decision is based on several key factors:
1. Altus Strategies Plc is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The company’s securities are owned by fewer than 15 security holders in each Canadian jurisdiction and less than 51 globally.
3. Its securities are not traded on any public marketplace in Canada or elsewhere.
4. The company has requested to stop being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The company is not in violation of any securities legislation.
The decision was made 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 order also represents the decision of the securities regulatory authority in Ontario. The company relied on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System in Alberta. The outcome is that Altus Strategies Plc is no longer a reporting issuer in Canada.