Kathryn J. Daniels

The applicant applied for a decision under the securities legislation of multiple jurisdictions that it is not a reporting issuer.

The applicant 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 Decision Makers were satisfied that the statutory test was met and ordered that the applicant is not a reporting issuer.

The Applicant, Iberian Minerals Corp. plc, applied to the Ontario Securities Commission and other jurisdictions for a decision that it is no longer a reporting issuer.

The Applicant 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 Deputy Director of Corporate Finance granted the application, ordering that the Applicant is not a reporting issuer.