The Securities Commission has granted an application for the issuer to cease being a reporting issuer under the relevant securities legislation. This decision is based on the issuer meeting specific criteria, including having fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide, with no securities traded on public marketplaces. The issuer is also not in default of any securities legislation. The decision was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications. The Ontario Securities Commission acted as the principal regulator, and the issuer has indicated reliance on Multilateral Instrument 11-102 Passport System in various Canadian jurisdictions.
