The Securities Commission has granted an application by an issuer for it to cease being a reporting issuer in all Canadian jurisdictions where it held this status. The decision was made under the authority of the Securities Act (Ontario) and was informed by the issuer’s representations that it is not an OTC reporting issuer, its securities are held by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. The Ontario Securities Commission, acting as the principal regulator, determined that the issuer met the criteria outlined in the relevant securities legislation for ceasing to be a reporting issuer.
