The applicant applied for a decision to be deemed to have ceased to be a reporting issuer in multiple jurisdictions following a statutory plan of arrangement.
Pursuant to the arrangement, a third party acquired all outstanding shares of the applicant, and the applicant amalgamated with another entity.
The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief, noting that the applicant's securities were delisted and it had no intention to seek public financing.