The Securities Commission has decided to revoke a dual cease trade order (CTO) against an issuer that was previously sanctioned for failing to file required continuous disclosure materials. The issuer has since rectified the defaults by updating their continuous disclosure filings. This decision was made in accordance with the Securities Act and National Policy 11-207, which deals with Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The revocation reflects the consensus of both the British Columbia Securities Commission, acting as the principal regulator, and the Ontario Securities Commission. The outcome allows the issuer to resume trading under the securities legislation of both British Columbia and Ontario.
