The Ontario Securities Commission (OSC) issued an order for Mimi’s Rock Corp., an offering corporation under the Business Corporations Act (Ontario) (OBCA), to be deemed to have ceased offering its securities to the public. This decision was made under subsection 1(6) of the OBCA, following the Applicant’s request and based on several representations made by the Applicant to the OSC.
Key representations included the location of the Applicant’s head and registered offices in Toronto, Ontario, the absence of any intention to seek public financing through securities offerings, and the fact that the Applicant had already been granted an order on April 13, 2023, confirming it was not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206.
The OSC, having been satisfied that granting the order would not be against the public interest, approved the request. Consequently, Mimi’s Rock Corp. is no longer considered to be offering its securities to the public as of April 24, 2023.