The Securities Commission granted Permian Resources Corporation’s application to cease being a reporting issuer in British Columbia, Ontario, and Alberta. The decision was based on the fact that the company’s securities are traded exclusively on the New York Stock Exchange, with less than 2% of its securities owned by Canadian residents, who also represent less than 2% of its total security holders. Permian Resources Corporation does not intend to offer its securities publicly in Canada and complies with U.S. securities laws. The decision was made under National Policy 11-203 and National Policy 11-206, with relevant legislative provisions including the Securities Act, R.S.B.C. 1996, c. 418, s. 88, and the Securities Act, R.S.O. 1990, c. S.5, s. 1(10)(a)(ii).
