The Securities Commission has granted an application by Seven Generations Energy Ltd. for an order to cease being a reporting issuer. The decision was made under the securities legislation of Alberta and Ontario, with the Alberta Securities Commission acting as the principal regulator. The company has met the conditions for this order, which include not being an OTC reporting issuer, having fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide, and having no securities traded on any marketplace. Additionally, the company is not in default of any securities legislation. The order is supported by the relevant legislative provisions, including the Securities Act (R.S.A. 2000, c. S-4, s. 153) and is consistent with National Policy 11-206 Process for Cease to be a Reporting Issuer. The outcome is that Seven Generations Energy Ltd. is no longer a reporting issuer in the jurisdictions of Canada.
