The Securities Commission granted Gold Line Resources Ltd.’s application to cease being a reporting issuer in all Canadian jurisdictions. Key facts include that the company’s securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, with no securities traded on any marketplace. The company is not an OTC reporting issuer and is not in default of any securities legislation. The decision was based on Multilateral Instrument 11-102 and National Policy 11-206, with the British Columbia Securities Commission acting as the principal regulator. The order was issued under the relevant sections of the Securities Acts of British Columbia and Ontario.
