Taking too long? Close loading screen.
Generating

Rocky Mountain Equipment Alberta Ltd.

2021-01-11 | | 11-206, Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/rocky-mountain-equipment-alberta-ltd

Securities Act, R.S.A., 2000, c. S-4, s. 153. Citation: Re Rocky Mountain Equipment Alberta Ltd., 2021 ABASC 2 January 11, 2021


The Securities Commission has granted an order for Rocky Mountain Equipment Alberta Ltd. (formerly Rocky Mountain Dealerships Inc.) to cease being a reporting issuer in all Canadian jurisdictions where it previously held this status. The decision is based on the company’s application and several key representations:

1. The company is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. Its securities are owned by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide.
3. Its securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions.
5. The company is not in default of any securities legislation.

The order is supported by the Alberta Securities Commission as the principal regulator and is consistent with the securities legislation of Alberta and Ontario, as well as the Multilateral Instrument 11-102 Passport System. The decision is made under the authority of section 153 of the Securities Act (R.S.A., 2000, c. S-4) and aligns with the test set out in the legislation for ceasing to be a reporting issuer.