The Securities Commission has granted an application by a company (the Filer) for an order declaring that it is no longer a reporting issuer in any Canadian jurisdiction. The decision is based on the following key points:
1. The Filer is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The Filer’s securities are held by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.
3. The Filer’s securities are not traded on any public marketplace or facility where trading data is reported.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The Filer is not in default 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), and is supported by the Filer’s compliance with the relevant securities laws and regulations. The Ontario Securities Commission, acting as the principal regulator, has determined that the Filer meets the legislative requirements to cease being a reporting issuer.