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Rockcliff Metals Corporation

2023-09-27 | Order | Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/rockcliff-metals-corporation

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


The Securities Commission has granted Rockcliff Metals Corporation’s (the Filer) application to cease being a reporting issuer. The decision is based on the Filer meeting specific criteria: it is not an OTC reporting issuer, its securities are owned by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. The application was processed under National Policy 11-206, with the Ontario Securities Commission acting as the principal regulator, and the decision was made in accordance with the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The Filer also indicated reliance on Multilateral Instrument 11-102 Passport System in Alberta, British Columbia, and Manitoba. The outcome allows the Filer to stop being a reporting issuer in all Canadian jurisdictions where it held this status.