The Ontario Securities Commission (OSC) has issued an order recognizing that MetalCorp Limited (the Applicant) has ceased to offer its securities to the public. This decision is based on the provisions of subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). The Applicant, an offering corporation under the OBCA, is headquartered in Thunder Bay, Ontario, and has indicated that it does not plan to seek public financing through securities offerings.
Previously, on May 29, 2023, MetalCorp Limited was granted an order under the Securities Act (Ontario) confirming that it is not a reporting issuer in Ontario or any other Canadian jurisdiction, following the procedure outlined in National Policy 11-206. The facts presented in that order remain accurate.
The OSC concluded that granting the order would not adversely affect the public interest. Consequently, the order was issued, deeming MetalCorp Limited to have ceased public securities offerings as of June 12, 2023.