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Orford Mining Corporation – s. 1(6) of the OBCA

April 23, 2024 | Order | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/orford-mining-corporation-s-16-obca

Statutes Cited: 1. Business Corporations Act (Ontario), R.S.O. 1990, c. B.16, as am., s. 1(6).


The Ontario Securities Commission (OSC) granted Orford Mining Corporation’s application to be deemed as no longer offering its securities to the public under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). Key facts include that Orford Mining is an offering corporation with its head office in Toronto, Ontario, and has no plans to seek public financing. Previously, on April 18, 2024, the company was declared not a reporting issuer in Ontario or any other Canadian jurisdiction under the Securities Act (Ontario) and National Policy 11-206. The OSC concluded that the order would not harm the public interest.

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