The Securities Commission has granted an application by Eclipse Gold Mining Corporation for the company to cease being a reporting issuer. The decision is based on several key factors:
1. Eclipse Gold Mining Corporation is not an OTC reporting issuer.
2. The company’s securities are held by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide.
3. The company’s securities are not traded on any public marketplace or facility where trading data is publicly reported.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently has this status.
5. The company is not in default of any securities legislation in any jurisdiction.
The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator for this application, and the order also reflects the decision of the securities regulatory authority in Ontario. The company has met the legislative requirements for ceasing to be a reporting issuer, leading to the granting of the requested relief.