The Securities Commission has granted an order for Mangazeya Mining Ltd. to cease being a reporting issuer in all Canadian jurisdictions where it previously held this status. The decision was made under the authority of the Securities Act (Ontario) and was based on several key findings:
1. Mangazeya Mining Ltd. is not an OTC reporting issuer as per Multilateral Instrument 51-105.
2. The company’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 holders worldwide.
3. There is no public trading of the company’s securities on any marketplace or facility in Canada or elsewhere.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it is recognized as such.
5. The company is not in violation of any securities legislation in any jurisdiction.
The Ontario Securities Commission, acting as the principal regulator, determined that the company met the legislative requirements to cease being a reporting issuer, in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications. The order was issued on August 9, 2022, and the file number is 2022/0323.