**Summary of Securities Commission Decision:**
**Key Facts:**
– **Issuer:** IBEX Technologies Inc. (the Filer)
– **Jurisdictions:** Québec and Ontario
– **Application:** Order for the Filer to cease being a reporting issuer in all Canadian jurisdictions.
**Reasoning:**
1. The Filer is not an OTC reporting issuer.
2. The Filer’s securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 securityholders worldwide.
3. The Filer’s securities are not traded on any marketplace in Canada or elsewhere.
4. The Filer is not in default of securities legislation.
**Outcome:**
– The order was granted, allowing IBEX Technologies Inc. to cease being a reporting issuer in all Canadian jurisdictions.
**Relevant Laws/Regulations:**
– **Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii)**
– **National Policy 11-206 Process for Cease to be a Reporting Issuer Applications**
– **Regulation 11-102 respecting Passport System**
– **Regulation 14-101 respecting Definitions**
– **Regulation 51-105 respecting Issuers Quoted in the U.S. Over-the-Counter Markets**
– **Regulation 21-101 respecting Marketplace Operation**