The Ontario Securities Commission (OSC) has issued an order recognizing that West Red Lake Gold Mines Inc. (the Applicant) has ceased to offer its securities to the public. This decision is based on subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). The Applicant, an offering corporation with its head office in Ontario, has stated that it does not plan to seek public financing through securities offerings. Furthermore, the Applicant has already received an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206. The OSC, considering that this action would not harm the public interest, has granted the order, effectively acknowledging the Applicant’s non-public status as of January 31, 2023.
