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Latitude Uranium Inc. – s. 1(6) of the OBCA

2024-03-21 | Order | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/latitude-uranium-inc-s-16-obca

Statutes Cited: 1. Business Corporations Act (Ontario), R.S.O. 1990, c. B.16, as am., ss. 1(6).

The Ontario Securities Commission (OSC) has issued an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA) that Latitude Uranium Inc. is deemed to have ceased to be offering its securities to the public. This decision is based on the application and representations made by Latitude Uranium Inc., which include:

1. The company is an offering corporation under the OBCA.
2. Its registered and head office is located in Toronto, Ontario.
3. The company has no plans to seek public financing through securities offerings.
4. On March 14, 2024, Latitude Uranium Inc. received an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206.
5. The facts presented in the previous order remain accurate.

The OSC concluded that granting this order would not be against the public interest. Consequently, Latitude Uranium Inc. is no longer considered to be offering its securities to the public as of March 21, 2024.

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