The Ontario Securities Commission (OSC) granted consent to Blue Sky Global Energy Corp. to continue its corporate existence under the Business Corporations Act (Alberta) (ABCA) from the Business Corporations Act (Ontario) (OBCA). The decision was made under subsection 21(b) of Ontario Regulation 398/21, as amended. Key points include:
1. Blue Sky Global Energy Corp., an offering corporation under the OBCA, has 52,270,271 common shares listed on the TSX Venture Exchange (TSXV).
2. The company is a reporting issuer in Ontario, British Columbia, and Alberta.
3. The move aims to improve administrative efficiency and reduce costs, as the primary office will be in Alberta.
4. Shareholders approved the continuance with 97.56% of votes in favor, and no dissent rights were exercised.
5. The OSC determined that the continuance would not be prejudicial to the public interest.
The relevant laws and regulations include section 181 of the OBCA, the Securities Act (Ontario), and Ontario Regulation 398/21, as amended.