The Securities Commission has granted an order for Questex Gold & Copper Ltd. to cease being a reporting issuer in Canada. This decision is based on the company’s application and the following key points:
1. Questex Gold & Copper Ltd. is not an OTC reporting issuer.
2. The company’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide.
3. The company’s securities are not traded on any public marketplace or facility in Canada or internationally.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently has that status.
5. The company is not in violation of any securities legislation in any jurisdiction.
The order was made in accordance with the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator, and the order also reflects the decision of the securities regulatory authority in Ontario. The company’s compliance with Multilateral Instrument 11-102 Passport System was noted in the application process. The outcome is that Questex Gold & Copper Ltd. is no longer a reporting issuer and is relieved from the associated reporting obligations.