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TMAC Resources Inc. — s. 1(6) of the OBCA

2021-02-18 | Order | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/tmac-resources-inc-s-16-obca-0

Business Corporations Act, R.S.O. 1990, c. B. 16 as am., s. 1(6). IN THE MATTER OF THE BUSINESS CORPORATIONS ACT (ONTARIO), R.S.O. 1990, c. B.16, AS AMENDED (the OBCA) AND IN THE MATTER OF TMAC RESOURCES INC. (the Applicant) ORDER (Subsection 1(6) of the OBCA)


The Ontario Securities Commission (OSC) has issued an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA) that TMAC Resources Inc. (the Applicant) is deemed to have ceased to be offering its securities to the public. This decision is based on the Applicant’s representations that it is an offering corporation under the OBCA, it has no plans to seek public financing through securities offerings, and it has previously been granted an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction. The Commission determined that granting this order would not be prejudicial to the public interest. The decision was made in accordance with the OBCA and related securities regulations, including National Policy 11-206. The order was dated February 18, 2021.