The Ontario Securities Commission (OSC) granted Spirit Banner IV Capital Corp. an order declaring it has ceased to be a reporting issuer in all Canadian jurisdictions. This decision was based on the following key facts: the company is not an OTC reporting issuer, has fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of any securities legislation. The application relied on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System for recognition in British Columbia and Alberta. The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, section 1(10)(a)(ii).
