The Securities Commission has decided to revoke the cease trade orders (CTOs) previously issued against Haltain Developments Corp. The CTOs were initially enacted because the issuer failed to file certain required continuous disclosure materials. The issuer has since remedied these defaults by updating their continuous disclosure filings.
The revocation decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically sections 127 and 144, and in accordance with National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The British Columbia Securities Commission, as the principal regulator, and the Ontario Securities Commission both agreed to the revocation of the CTOs. The decision reflects the regulators’ satisfaction that the issuer has met the necessary conditions for revocation as set out in the applicable legislation. The order to revoke the CTOs was made on February 17, 2021.