The Securities Commission granted MediaValet Inc.’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on the following key facts: MediaValet Inc. is not an OTC reporting issuer, its securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace. Additionally, MediaValet Inc. is not in default of any securities legislation. The relevant laws underpinning this decision include the Securities Act of British Columbia (s. 88) and Ontario (s. 1(10)(a)(ii)), as well as Multilateral Instrument 11-102 and National Policy 11-206. The British Columbia Securities Commission acted as the principal regulator, and the order also reflects the decision of the Ontario regulator.
