The Securities Commission has granted an application by an issuer for it to cease being a reporting issuer in all Canadian jurisdictions where it held that status. The decision is based on the issuer meeting specific criteria, including having fewer than 15 security holders in each jurisdiction and fewer than 51 worldwide, no public trading of its securities, and being in compliance with securities legislation. The Ontario Securities Commission acted as the principal regulator, and the decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The issuer is not an OTC reporting issuer and has no securities traded on any marketplace. The order was made in accordance with National Policy 11-206, which outlines the process for ceasing to be a reporting issuer, and the issuer also indicated reliance on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System in provinces and territories outside Ontario.
