The Securities Commission has granted an order for Gold X Mining Corp. (the Filer) to cease being a reporting issuer under applicable securities laws. The Filer, which has been acquired by Gran Colombia Gold Corp. (the Purchaser), no longer has any outstanding securities aside from warrants exercisable into the Purchaser’s shares. The Filer’s shares were delisted following the acquisition, and the remaining warrants do not grant voting rights or require the Filer to maintain its reporting issuer status. The Filer is not in default of any securities obligations and has no plans for public financing or issuing new securities, except to the Purchaser or its affiliates. The decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and is supported by the fact that warrant holders do not need public disclosure from the Filer. Consequently, the Filer has been granted relief from its reporting issuer obligations in all Canadian jurisdictions where it was recognized as such.
