The Ontario Securities Commission (OSC) has granted an application by Terra Firma Capital Corporation (the Filer) to cease being a reporting issuer in all Canadian jurisdictions where it is currently a reporting issuer. The decision is based on the Filer’s representations that it is not an OTC reporting issuer, its securities are owned by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of securities legislation in any jurisdiction. The decision was made under the Process for Cease to be a Reporting Issuer Applications, with the OSC acting as the principal regulator. The relevant legislative provisions include the Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii) and Multilateral Instrument 11-102 Passport System.
