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Terrace Global Inc.

2021-01-15 | Order | 11-206, Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/terrace-global-inc

Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).


The Securities Commission has granted an application by an issuer to cease being a reporting issuer under securities legislation. The 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 any public marketplace. The issuer is not in default of any securities legislation. The order is supported by the Ontario Securities Commission as the principal regulator, in accordance with National Policy 11-206 and the relevant provisions of the Securities Act and Multilateral Instrument 11-102.