The Securities Commission has granted Voyager Metals Inc. (the Filer) an order 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, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The Ontario Securities Commission acted as the principal regulator and the application was made in accordance with National Policy 11-206 Process for Cease to be a Reporting Issuer Applications.
The Filer met several conditions for the order: it was not an OTC reporting issuer, its securities were owned by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide, its securities were not traded on any public marketplace, it sought to cease being a reporting issuer in all jurisdictions where it was recognized as such, and it was not in default of any securities legislation.
Based on these representations, the principal regulator concluded that the Filer satisfied the legislative requirements to cease being a reporting issuer and thus approved the application.