The Ontario Securities Commission (OSC) has issued an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA) that Eastmain Resources Inc. (the Applicant) is deemed to have ceased to be offering its securities to the public. This decision is based on the Applicant’s representations that it is an offering corporation under the OBCA, it has no plans to seek public financing through securities offerings, and it has previously been granted an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction. The Commission determined that granting this order would not be against the public interest. The decision was made on January 21, 2021, and is supported by the relevant provisions of the OBCA.
