The Securities Commission has granted Ivrnet Inc.’s application to cease being a reporting issuer. This decision is based on the company’s representation that it is not an OTC reporting issuer, its securities are owned by fewer than 15 security holders in any Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. The application was processed under National Policy 11-206, with the Alberta Securities Commission acting as the principal regulator and the decision also applying to Ontario. The outcome allows Ivrnet Inc. to stop complying with the reporting obligations set out in the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii).
