The Ontario Securities Commission (OSC) has granted Fredonia Mining Inc. the status of a reporting issuer in Ontario under paragraph 1(11)(b) of the Securities Act, R.S.O. 1990, c. S.5, as amended. This decision follows Fredonia Mining Inc.’s application and is based on several key factors:
1. Fredonia Mining Inc. is already a reporting issuer in British Columbia and Alberta, with its securities listed on the TSX Venture Exchange under the symbol FRED.
2. The company has a significant connection to Ontario, with its head office located in the province and over 20% of its equity securities owned by residents of Ontario.
3. The continuous disclosure requirements in British Columbia and Alberta, where the company is already a reporting issuer, are substantially the same as those in Ontario.
4. Fredonia Mining Inc. is not in default of any securities legislation in Alberta or British Columbia and has not been subject to any significant penalties or sanctions related to Canadian securities law.
5. The company has complied with the TSX Venture Exchange’s requirements and has made a bona fide application to the OSC as required due to its significant connection to Ontario.
The OSC’s decision to grant reporting issuer status is not expected to be prejudicial to the public interest. The order was issued on March 27, 2024, by Marie-France Bourret, Manager of Corporate Finance at the OSC.