The Ontario Securities Commission (OSC) has granted Orford Mining Corporation’s application to cease being a reporting issuer in all Canadian jurisdictions. This decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The application was processed under National Policy 11-206 and Multilateral Instrument 11-102, which allows for a streamlined process across multiple jurisdictions, in this case, Ontario, British Columbia, and Alberta.
Key facts supporting the decision include:
1. Orford Mining Corporation is not an OTC reporting issuer.
2. The company has fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.
3. Its securities are not traded on any public marketplace.
4. The company is not in default of any securities legislation.
Based on these representations, the OSC determined that the criteria for ceasing to be a reporting issuer were met and granted the order.