Taking too long? Close loading screen.
Generating

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 for 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 made under subsection 21(b) of Ontario Regulation 398/21. Tiidal Gaming Group Corp., originally incorporated in Ontario, sought this continuance to leverage the increased flexibility of the BCBCA for future corporate transactions. The company, which is a reporting issuer in Ontario, British Columbia, and Alberta, and listed on the Canadian Securities Exchange and OTC Markets, received overwhelming shareholder approval for the move. The OSC determined that the continuance would not be prejudicial to the public interest.

Leave a Comment