Jo-Anne Matear

The issuer, California Gold Mining Inc., applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order.

Following a plan of arrangement, the issuer became a wholly owned subsidiary of another company and applied to cease being a reporting issuer.

The Commission granted the application, ordering that the cease trade order be revoked as of the date the issuer ceases to be a reporting issuer.

The Filers, Sun Life Assurance Company of Canada and Sun Life Capital Trust, applied for exemptive relief from continuous disclosure, certification, insider reporting, and prospectus requirements under Ontario securities legislation.

The Ontario Securities Commission granted the requested exemptions, subject to various conditions, including that Sun Life Financial Inc. continues to provide guarantees and complies with continuous disclosure obligations.

The decision replaces a previous exemptive relief order granted in 2017.

Partner Jet Corp. applied for exemptive relief from certain financial statement disclosure requirements under National Instrument 51-102 and National Instrument 52-107 in connection with its proposed amalgamation with Volatus Aerospace Corp. The applicant sought to provide alternative financial disclosure in its management information circular due to the impracticability of obtaining audited financial statements for certain recently acquired subsidiaries of Volatus.

The Ontario Securities Commission granted the requested relief, permitting the applicant to include the proposed alternative disclosure in its circular.

The issuer applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order issued on June 9, 2020.

The issuer had failed to file its interim financial statements and other continuous disclosure documents due to business disruptions related to the COVID-19 pandemic.

The issuer subsequently filed all outstanding documents, paid all required fees, and brought its continuous disclosure obligations up to date.

The Principal Regulator was satisfied that the test for revocation was met and ordered the revocation of the cease trade order.

The issuer applied to the Ontario Securities Commission to revoke a failure-to-file cease trade order issued due to unfiled annual financial statements, management's discussion and analysis, and related certifications.

The issuer subsequently filed the outstanding documents, paid all required fees, and undertook to hold an annual meeting of shareholders.

The Principal Regulator found that the statutory test was met and granted the order revoking the cease trade order.

The applicants, Summit Industrial Income REIT and its agents, applied to the Ontario Securities Commission for exemptive relief from the Prospectus Delivery Requirement and Prospectus Form Requirements in connection with an at-the-market distribution of trust units.

The Commission granted the requested relief, subject to conditions including minimum trading volume and value requirements, and specific disclosure obligations.

The Commission also granted confidentiality relief, keeping the application and decision confidential until the earliest of several specified events.

The Filer, Canada Life Capital Trust, applied for exemptive relief from continuous disclosure and certification requirements under National Instrument 51-102 and National Instrument 52-109 following the amalgamation of its parent entities into The Canada Life Assurance Company (Amalco).

The Ontario Securities Commission granted the requested exemptions, revoking and replacing previous orders, on the condition that Amalco continues to file its own continuous disclosure and certification documents, which provide meaningful information to the Trust's security holders.

The filers, The Supreme Cannabis Company, Inc. and BMO Nesbitt Burns Inc., applied to the Ontario Securities Commission for exemptive relief from the prospectus delivery requirement and certain prospectus form requirements in connection with an at-the-market (ATM) distribution of common shares.

The filers also requested that the application and decision be kept confidential until the ATM offering is publicly announced or 90 days have passed.

The Commission granted the requested exemptions, subject to conditions including a 10% limitation on the aggregate market value of shares distributed and specific disclosure requirements.

The confidentiality relief was also granted.

The Intertain Group Limited applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all jurisdictions of Canada.

The Commission found that the Filer met the necessary criteria, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and having no securities traded on a marketplace.

The order was granted.

Impala Canada Ltd. applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The Commission, acting as the principal regulator, found that the applicant met the necessary criteria, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, with no securities traded on a marketplace.

The order was granted.

Callidus Capital Corporation applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The principal regulator found that the Filer met the necessary requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and not having its securities traded on any marketplace.

The order was granted.

The Filer applied for exemptive relief from the requirement under subsection 4.1(1) of NI 43-101 to file a technical report for each material mineral property upon becoming a reporting issuer.

The Filer also requested that the application and decision be kept confidential until the earlier of certain specified events.

The Ontario Securities Commission, acting as principal regulator, granted both the exemptive relief and the confidentiality request.

The Filer, Levon Resources Ltd., applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The principal regulator, satisfied that the statutory test was met, granted the requested order.

The Filer, Delivra Corp., applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The principal regulator found the test under the legislation was met and granted the order.

The Filer applied for an exemption from the requirement under section 12.2 of National Instrument 51-102 to file two litigation funding agreements as material contracts.

The Filer argued that the agreements were subject to privilege in connection with ongoing international arbitration and that disclosure would violate confidentiality provisions and prejudice its interests.

The principal regulator granted the requested exemptive relief.

The Filer applied for exemptive relief from various restricted security rules under NI 41-101, OSC Rule 56-501, and NI 51-102 in connection with its common shares.

Following a business combination, the Filer will issue proportionate voting shares carrying 500 votes per share, which would technically render the common shares 'restricted securities'.

The Ontario Securities Commission granted the requested exemptions, permitting the Filer to refer to its common shares as 'common shares' and exempting it from specific restricted security disclosure and eligibility requirements, provided certain conditions are met.

The applicant, an oil and gas exploration company, applied for exemptive relief from certain continuous disclosure and corporate governance requirements applicable to non-venture issuers.

The applicant's common shares were listed on the TSX Venture Exchange and recently commenced trading on the NASDAQ First North exchange in Stockholm.

Because the First North Exchange is a marketplace outside of Canada and the US, the applicant no longer met the definition of a 'venture issuer'.

The Ontario Securities Commission granted the requested relief, permitting the applicant to comply with venture issuer obligations, provided it continues to meet specific conditions including maintaining its TSXV listing and the First North Exchange remaining a junior market.

The Filer applied for exemptive relief from various prospectus and continuous disclosure requirements relating to restricted securities under National Instrument 41-101, National Instrument 51-102, and OSC Rule 56-501.

The Filer's capital structure included common shares and proportionate voting shares, which technically rendered the common shares 'restricted securities' due to the multiple voting rights attached to the proportionate voting shares.

The Ontario Securities Commission granted the requested relief, permitting the Filer to refer to its common shares without restricted security terminology and exempting it from related disclosure and withdrawal requirements, subject to specified conditions.

Banro Corporation and Banro Corporation Ltd applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order and an order that they cease to be reporting issuers.

The applications followed a restructuring under the Companies' Creditors Arrangement Act, which resulted in Banro Corporation becoming a wholly-owned subsidiary of Banro Corporation Ltd and its securities being delisted.

The Commission granted the requested orders, finding that the statutory tests were met.

The Filers applied to the Ontario Securities Commission for exemptive relief from the Prospectus Delivery Requirement and certain Prospectus Form Requirements in connection with an at-the-market distribution of common shares.

The Commission granted the requested relief, subject to conditions including trading volume thresholds and a 10% limitation on the aggregate market value of shares distributed.