The Ontario Securities Commission has issued a decision regarding Waterloo Brewing Ltd.’s application to cease being a reporting issuer. The company represented that it met several criteria: it is not an OTC reporting issuer, its securities are held by fewer than 15 securityholders in any 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. Based on these representations and the determination that granting the order would not be against the public interest, the Commission decided that Waterloo Brewing Ltd. is no longer a reporting issuer. This decision is grounded in the provisions of subclause 1(10)(a)(ii) of the Securities Act (Ontario).
