The Securities Commission has granted an application by VentureLink Innovation Fund Inc. for the company to cease being a reporting issuer in all Canadian jurisdictions where it held this status. The decision was made under the authority of the Securities Act (Ontario) and was influenced by the company’s representations that it is not an OTC reporting issuer, its securities are held by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any public marketplace, and it is not in default of any securities legislation. The Ontario Securities Commission acted as the principal regulator and applied the test set out in the relevant legislation to conclude that the company met the criteria for ceasing to be a reporting issuer.
