The Securities Commission has granted an order for Premier Gold Mines Limited (the Filer) to cease being a reporting issuer under applicable securities laws. The decision is based on the following key points:
1. The Filer is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The Filer’s securities are owned by fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide.
3. The Filer’s securities are not traded on any marketplace or facility where trading data is publicly reported.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The Filer is not in default of any securities legislation in any jurisdiction.
The order is supported by the Securities Act, R.S.O. 1990, c.S.5, as amended, specifically section 1(10)(a)(ii), and is consistent with the test set out in the legislation. The Ontario Securities Commission, acting as the principal regulator, has agreed to the request, allowing the Filer to cease being a reporting issuer.