The Ontario Securities Commission (OSC) has granted an order recognizing a company as a reporting issuer in Ontario. This decision is based on the company’s existing status as a reporting issuer in British Columbia and Alberta, its listing on the TSX Venture Exchange, and its significant connection to Ontario, including its head office and the majority of its directors and operations being located in the province.
The company, incorporated under the Business Corporations Act (British Columbia), has been a reporting issuer in British Columbia and Alberta since January 10, 2013, and complies with the continuous disclosure requirements in those provinces, which are substantially the same as those in Ontario.
The company’s securities are traded on the TSX Venture Exchange and the OTCQB in the United States. It has determined that it has a significant connection to Ontario, necessitating the application to the OSC as per the policies of the TSX Venture Exchange.
The OSC’s decision to grant reporting issuer status is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically paragraph 1(11)(b). The order is not expected to be prejudicial to the public interest. The company will now amend its SEDAR profile to indicate the OSC as its principal regulator. The decision was made on May 31, 2021.