The Securities Commission has granted an application by an issuer for it to cease being a reporting issuer in Canada. The decision was made under the securities legislation of British Columbia and Ontario, with the British Columbia Securities Commission acting as the principal regulator. The issuer represented that it is not an OTC reporting issuer, its securities are owned by fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. Based on these representations, the Commission determined that the issuer met the legislative requirements to cease being a reporting issuer, as outlined in the Securities Act, R.S.O. 1990, c.S.5, as amended, specifically section 1(10)(a)(ii). The order was made in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications and supported by the relevant definitions and regulations within National Instrument 14-101 and Multilateral Instrument 11-102.
