The Securities Commission has granted an order for the issuer to cease being a reporting issuer. The issuer, after being acquired by Newcrest Mining Limited through a statutory plan of arrangement, has fewer than 15 securityholders in each jurisdiction in Canada and less than 51 worldwide. The issuer’s securities are no longer listed on any stock exchange and are not traded on any marketplace. Although the issuer failed to file certain continuous disclosure documents by the required deadline, this default occurred post-arrangement and did not disqualify the issuer from ceasing to be a reporting issuer. The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and was in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications.
