The Ontario Securities Commission (OSC) revoked a cease trade order against E Ventures Inc., initially issued due to the company’s failure to file required continuous disclosure documents. The cease trade order, issued in 2003, was a result of E Ventures Inc.’s financial difficulties, which led to non-compliance with Ontario securities law. The company has since remedied these defaults by updating its continuous disclosure filings, including audited annual financial statements, management’s discussion and analysis (MD&A), and related certifications for recent years. The OSC exercised discretion under National Policy 12-202 to not require older outstanding filings. The decision was made under section 144 of the Securities Act, R.S.O. 1990, c. S.5, as amended. The company has undertaken to hold an annual shareholders’ meeting within three months and to issue a news release about the revocation and its future plans.
