The Ontario Securities Commission (OSC) issued an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA) for Neo Lithium Corp., determining that the company is no longer considered to be offering its securities to the public. This decision was based on the company’s representations that it is an offering corporation under the OBCA, has no plans for public securities offerings, and had previously been granted an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction. The OSC concluded that granting the order would not adversely affect the public interest. The order was made in Toronto on March 11, 2022, in accordance with the relevant laws and regulations, specifically subsection 1(6) of the OBCA.
