The Ontario Securities Commission (OSC) granted Orford Mining Corporation’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on several key facts: Orford Mining 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 publicly traded on any marketplace. Additionally, Orford Mining is not in default of any securities legislation. The application relied on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System, applicable in British Columbia and Alberta. The OSC determined that the application met the necessary legal criteria under the Securities Act, R.S.O. 1990, c. S.5, as amended.
