The Alberta Securities Commission and the Ontario Securities Commission have granted NOVA Gas Transmission Ltd.’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on several key facts: the company is not an OTC reporting issuer, has fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any public marketplace. Additionally, the company is not in default of any securities legislation. The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, section 1(10)(a)(ii), and the process outlined in National Policy 11-206.
