The Securities Commission has granted an order for Teranga Gold Corporation to cease being a reporting issuer, meaning it will no longer be subject to public reporting requirements in Canada. This decision is based on the company meeting certain criteria outlined in the securities legislation, including having fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide, with no securities traded on public markets or facilities where trading data is reported. The company is also not in default of any securities legislation. The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii), and follows the National Policy 11-206 Process for Cease to be a Reporting Issuer Applications. The Ontario Securities Commission acted as the principal regulator for this application, with the decision also relying on provisions from Multilateral Instrument 11-102 respecting Passport System.
