The Securities Commission has granted an application by an issuer for an order to cease being a reporting issuer under applicable securities laws. The issuer, incorporated in Alberta and continued in British Columbia, is not an OTC reporting issuer and has fewer than 15 securityholders in each jurisdiction in Canada and fewer than 51 worldwide. Its securities are not traded on any marketplace, and it has delisted from the TSX Venture Exchange and the Frankfurt Stock Exchange. The issuer is in default for not filing certain continuous disclosure documents but is otherwise not in default of securities legislation. The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The outcome is that the issuer has ceased to be a reporting issuer in Canada.
