The Securities Commission has granted an application for an issuer to cease being a reporting issuer. The issuer met the criteria as it is not an OTC reporting issuer, its securities are owned by fewer than 15 securityholders in each jurisdiction in Canada and fewer than 51 worldwide, and its securities are not traded on any public market. The issuer is also not in default of any securities legislation. The decision was made under the authority of Section 88 of the Securities Act (R.S.B.C. 1996, c. 418) and is supported by the Multilateral Instrument 11-102 Passport System and National Policy 11-206. The British Columbia Securities Commission acted as the principal regulator, and the decision also applies to Ontario, with the intention to be relied upon in other Canadian provinces and territories.
