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Tiidal Gaming Group Corp. – s. 21(b) of Ont. Reg. 398/21 of the OBCA

May 14, 2024 | Consent | Business Corporations Act, Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/tiidal-gaming-group-corp-s-21b-ont-reg-39821-obca

Statutes Cited: 1. Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. 181. 2. Securities Act, R.S.O. 1990, c. S.5, as am. Regulations Cited: 1. Regulation made under the Business Corporations Act, Ont. Reg. 398/21, as am., s. 21(b).


The Ontario Securities Commission (OSC) granted consent to Tiidal Gaming Group Corp. to continue its incorporation under the Business Corporations Act (British Columbia) (BCBCA) from the Business Corporations Act (Ontario) (OBCA). This decision was based on the application by Tiidal Gaming Group Corp., which sought to leverage the increased flexibility of the BCBCA for future corporate transactions. The company, originally incorporated in Ontario, has undergone several name changes and is listed on the Canadian Securities Exchange and OTC Markets. The application was supported by a special resolution approved by 99% of the shareholders, with no dissenting votes. The OSC determined that the continuance would not be prejudicial to the public interest, and Tiidal Gaming Group Corp. will remain a reporting issuer in Ontario, British Columbia, and Alberta. The relevant laws and regulations cited include section 181 of the OBCA, subsection 21(b) of Ontario Regulation 398/21, and the Securities Act (Ontario).

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