The Securities Commission has decided to revoke a cease trade order (CTO) that was previously issued against Appreciated Media Holdings Inc. The CTO was initially put in place because the issuer failed to submit required continuous disclosure documents. Since then, the issuer has addressed the defaults by updating their continuous disclosure filings.
The decision to revoke the CTO was made in accordance with section 144 of the Securities Act (R.S.O. 1990, c. S.5, as amended) and was guided by National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions (NP 11-207). The revocation reflects the consensus of the decision makers in both British Columbia and Ontario, with the British Columbia Securities Commission acting as the principal regulator.
The outcome allows Appreciated Media Holdings Inc. to resume trading, provided that they continue to comply with the relevant securities legislation and continuous disclosure obligations.