The Securities Commission has granted an application by a company (the Filer) to cease being a reporting issuer in all Canadian jurisdictions where it held this status. The decision was based on the following key points:
1. The Filer is not an OTC reporting issuer under specific regulations.
2. The Filer’s securities, including debt, are owned by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide.
3. The Filer’s securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it is recognized as such.
5. The Filer is not in default of any securities legislation in any jurisdiction.
The decision was made in accordance with the securities legislation of the relevant Canadian jurisdictions, specifically referencing the Securities Act, R.S.O. 1990, c. S.5, as amended, section 1(10)(a)(ii). The order confirms that the Filer has met the legislative criteria to cease being a reporting issuer, and the Securities Commission has approved the request.