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Rockcliff Metals Corporation

2023-10-05 | Order | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/rockcliff-metals-corporation-0

Statutes Cited: 1. Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. 1(6).


The Ontario Securities Commission (OSC) has issued an order recognizing that Rockcliff Metals Corporation (the Applicant) has ceased to offer its securities to the public. This decision is based on subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). The Applicant had previously been defined as an offering corporation under the OBCA and had no plans for public securities offerings. Furthermore, the Applicant had already been granted an order on September 27, 2023, confirming it was not a reporting issuer in Ontario or any other Canadian jurisdiction, in line with National Policy 11-206. The OSC determined that granting the order would not be against the public interest. Consequently, the Applicant is deemed to have ceased public securities offerings as per the OBCA. The order was made in Toronto on October 5, 2023.