The Securities Commission has granted an order for Forza Petroleum Limited to cease being a reporting issuer. The decision is based on the company’s application and the following key points:
1. Forza Petroleum Limited is not an OTC reporting issuer.
2. The company’s securities are owned by fewer than 15 security holders in each jurisdiction in Canada and less than 51 worldwide.
3. Its securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds that status.
5. The company is not in default of any securities legislation in any jurisdiction.
The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The Alberta Securities Commission is the principal regulator for this application, and the order also reflects the decision of the securities regulatory authority in Ontario. The decision is consistent with the test set out in the relevant legislation for ceasing to be a reporting issuer.