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Pure Gold Mining Inc.

2023-06-16 | Order | Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/pure-gold-mining-inc

Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).

CAUTION: Lexata's content was last updated in 2024 and may not reflect current securities regulatory requirements.

The Securities Commission granted an order for Pure Gold Mining Inc. (the Filer) to cease being a reporting issuer under applicable Canadian securities laws. The Filer, undergoing restructuring under the Companies’ Creditors Arrangement Act (CCAA), is not an OTC reporting issuer and has fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide. No securities are traded on any market, and the Filer is in default for not filing certain continuous disclosure documents. The Filer’s securities were delisted from exchanges, and it is expected to become a wholly-owned subsidiary of a new corporation (NewCo) as part of an acquisition by West Red Lake Gold Mines Ltd. (WRLG). The Filer must cease being a reporting issuer before the acquisition’s effective date. The decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii).

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