The Ontario Securities Commission (OSC) has granted an order recognizing a company as a reporting issuer in Ontario under paragraph 1(11)(b) of the Securities Act, R.S.O. 1990, c.S.5, as amended. The company, already a reporting issuer in British Columbia and Alberta, has its securities listed on the TSX Venture Exchange. The continuous disclosure obligations in British Columbia and Alberta align closely with those in Ontario.
The company has a significant connection to Ontario, with over 20% of its shares owned by Ontario residents, its management primarily located in the province, and its head office situated in Toronto. The company is in good standing with no defaults under the securities legislation of British Columbia or Alberta, nor any penalties or sanctions from Canadian securities regulatory authorities.
The OSC’s decision to grant reporting issuer status is based on the company’s compliance with existing continuous disclosure requirements and the absence of any material penalties, sanctions, or ongoing investigations that could impact an investor’s decision. The order is not considered to be against the public interest.