The Securities Commission has granted an order for Newcrest Mining Limited to cease being a reporting issuer in all Canadian jurisdictions. This decision is based on the application submitted by the company and is supported by several key facts:
1. Newcrest Mining Limited is not classified as an OTC reporting issuer.
2. The company’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and less than 51 holders worldwide.
3. Its securities are not traded on any public marketplace or facility in Canada or internationally where trading data is reported.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The company is not in violation of any securities legislation in any jurisdiction.
The order is in accordance with the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The decision was made following the regulatory framework of National Policy 11-206 Process for Cease to be a Reporting Issuer Applications and relies on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System for its application across Canadian provinces and territories. The outcome is that Newcrest Mining Limited is no longer a reporting issuer and is relieved from the associated reporting obligations in Canada.