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Buffalo Coal Corp.

2023-05-10 | Order | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/buffalo-coal-corp-1

Statutes Cited: 1. Business Corporations Act, R.S.O. 1990, c. B.16 as am., s. 1(6).


The Ontario Securities Commission (OSC) has issued an order recognizing that Buffalo Coal Corp. (the Applicant) has ceased to offer its securities to the public. This decision is based on the Business Corporations Act (Ontario), specifically subsection 1(6). The Applicant, an offering corporation with its head office in Dundee, KwaZulu-Natal, has indicated that it does not plan to seek public financing through securities offerings. Furthermore, the Applicant had previously been granted an order on April 28, 2023, confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206. The representations made in the Reporting Issuer Order remain accurate. The OSC concluded that granting this order would not harm the public interest. Consequently, the Applicant is deemed to have ceased public securities offerings as of May 10, 2023.