The Securities Commission has granted an order for B2Gold Back River Corp. (formerly Sabina Gold & Silver Corp.) to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status. The decision is based on several key criteria:
1. The company is not an OTC reporting issuer, meaning it is not subject to the reporting requirements of Multilateral Instrument 51-105 for companies quoted in the U.S. over-the-counter markets.
2. The company’s securities are held by fewer than 15 securityholders in each Canadian jurisdiction and less than 51 securityholders worldwide.
3. The company’s securities are not traded on any public marketplace or facility in Canada or any other country where trading data is publicly reported.
4. The company is not in default of any securities legislation in any jurisdiction.
The order is supported by the British Columbia Securities Commission as the principal regulator and is recognized by the securities regulatory authority in Ontario. It is made under the authority of Section 88 of the Securities Act (R.S.B.C. 1996, c. 418) and is in accordance with the Multilateral Instrument 11-102 Passport System and National Policy 11-206 Process for Cease to be a Reporting Issuer Applications. The decision reflects the consensus of the Decision Makers that the company meets the legislative requirements to cease being a reporting issuer.