The Securities Commission has granted Boko Resources Inc. (the Filer) an order to cease being a reporting issuer in Canada. The decision was made under the securities legislation of Quebec and Ontario, with the Autorité des marchés financiers acting as the principal regulator. The Filer indicated reliance on subsection 4C.5(1) of Regulation 11-102 for Alberta and British Columbia.
The decision was based on several key representations by the Filer:
1. The Filer is not an OTC reporting issuer under Regulation 51-105.
2. The Filer’s securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.
3. The Filer’s securities are not traded on any marketplace or facility where trading data is publicly reported.
4. The Filer sought to cease being a reporting issuer in all Canadian jurisdictions where it held this status.
The Decision Makers concluded that the Filer met the legislative requirements to cease being a reporting issuer, and the order was granted accordingly. The decision was documented by Marie-Claude Brunet-Ladrie, Director, Supervision of Issuers and Insiders. Relevant legislative provisions include the Securities Act, R.S.O. 1990, c.S.5, as amended, specifically section 1(10)(a)(ii).