Marie-France Bourret

Novamind Inc. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

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 public marketplace.

The principal regulator found that the Filer met the statutory test and granted the requested order.

The Filer, a foreign issuer, applied for exemptive relief from the prospectus and dealer registration requirements under Ontario securities legislation.

The relief was sought to permit trades in units of a French collective shareholding vehicle (FCPE) and underlying ordinary shares to Canadian employees pursuant to a global employee share offering.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including that the first trade of the securities be made through an exchange or market outside of Canada or to a person outside of Canada.

Logica Ventures Corp. applied to the Ontario Securities Commission for a full revocation of a failure-to-file cease trade order issued on May 6, 2021.

The order was originally issued due to the issuer's failure to file required annual continuous disclosure materials.

The issuer subsequently filed all required continuous disclosure documents, paid all outstanding fees, and provided necessary undertakings.

The Principal Regulator, satisfied that the statutory test was met, granted the application and revoked the cease trade order.

The Filer, Noront Resources Ltd., applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer.

The principal regulator was satisfied that the Filer met the test set out in the legislation, noting that its outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction of Canada and fewer than 51 worldwide, and are not traded on any marketplace.

The order was granted.

The Filer applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada.

The principal regulator found that the Filer met the requirements, 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.

The Filer, a capital pool company, applied for exemptive relief from the requirement to file certain historical financial statements of its reverse takeover acquirer, Givex, and its acquired businesses.

The Ontario Securities Commission granted the exemption, permitting the Filer to proceed with its qualifying transaction without filing the stub period financial statements for businesses acquired by Givex, provided the filing statement includes Givex's consolidated financial statements and is filed on SEDAR following TSXV acceptance.

Canopy Growth Corporation and The Supreme Cannabis Company, Inc. applied for exemptive relief from continuous disclosure, certification, and insider reporting requirements for Supreme following its acquisition by Canopy.

The Ontario Securities Commission granted the requested relief, subject to conditions including that Canopy remains a reporting issuer and files its continuous disclosure documents, and that Canopy guarantees the obligations of Supreme's outstanding debentures.

HEXO Corp. and 48North Cannabis Corp. applied for exemptive relief from continuous disclosure, certification, and insider reporting requirements on behalf of 48North following a plan of arrangement where 48North became a wholly-owned subsidiary of HEXO.

The Ontario Securities Commission granted the requested relief, subject to conditions including that HEXO remains a reporting issuer, files its required continuous disclosure documents, and that 48North does not issue any further securities to the public.

Avicanna Inc. applied for a partial revocation of a failure-to-file cease trade order issued by the Ontario Securities Commission.

The issuer sought the partial revocation to conduct a private placement financing to raise funds necessary to prepare and file its outstanding continuous disclosure documents and provide working capital.

The Commission granted the partial revocation order, permitting trades in securities necessary for the proposed financing, subject to conditions including providing investors with a copy of the order and written notice that the securities remain subject to the cease trade order.

The Filer, Atlantic Power Limited Partnership, 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 Filer represented that its outstanding securities are beneficially owned by fewer than 51 securityholders worldwide and are not traded on any marketplace.

The principal regulator found that the statutory test was met and granted the requested order.

The Filer, Abigail Capital Corporation, applied to the Ontario Securities Commission for an exemption from the requirements in NI 51-102 and Form 51-102F3 to file certain financial statements of a reverse takeover acquirer.

The Filer is completing a reverse takeover of OverActive Media Corp. The Commission granted the exemption, allowing the Filer to omit the stub period financial statements of certain acquired entities, provided the filing statement includes the specified consolidated financial statements and is filed on SEDAR.

The Filer, a mining company, applied to the Ontario Securities Commission for exemptive relief from the requirement under Part 8 of National Instrument 51-102 to file a business acquisition report in connection with its acquisition of Osgood Mining Company, LLC.

The Filer argued that applying the significance tests on a standalone basis produced an anomalous result because the Filer was newly incorporated, and that on a combined basis with its wholly-owned subsidiary, the acquisition was not significant.

The Commission granted the requested exemptive relief.

Premier Gold Mines Limited applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Commission found that the applicant met the requirements, 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.

The Filer 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 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 granted the requested order.

The Filer applied for a decision under the securities legislation of Ontario for an exemption from the requirement under section 8.4 of National Instrument 51-102 to include certain financial statement disclosures for significant acquisitions in its business acquisition report.

The Filer proposed to include alternative acquisition financial disclosures instead.

The Ontario Securities Commission granted the requested exemptive relief, provided the Filer includes the alternative disclosures in its business acquisition report.

The applicant, a real estate investment trust, applied for exemptive relief from the requirement to file a business acquisition report (BAR) under Part 8 of NI 51-102 and from significant acquisition disclosure requirements under NI 44-101.

The applicant argued that the acquisition of two manufactured housing communities was not significant from a practical or commercial perspective, representing only 0.3% of its actual assets, despite technically triggering the BAR requirement due to the applicant's recent formation and lack of full financial statements.

The Ontario Securities Commission granted the requested exemptive relief.

The Filer, a real estate investment trust, applied for exemptive relief from the requirement under section 8.4 of NI 51-102 to include certain historical financial statements for recently acquired properties in its business acquisition report.

The Filer demonstrated that the historical financial records for these properties were unavailable despite reasonable efforts to obtain them, and that the missing information was not material to the overall portfolio.

The Ontario Securities Commission granted the relief, permitting the Filer to include alternative financial disclosures in its business acquisition report.

Dealnet Capital Corp. 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 a reporting issuer.

The principal regulator found that the Filer met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and not being in default of securities legislation.

The order was granted.

The Filer applied for exemptive relief from the requirements of Item 14.2 of Form 51-102F5 regarding disclosure for a significant acquisition in a management information circular.

The Filer argued that under upcoming amendments to National Instrument 51-102, the acquisition would not meet the new 30% significance threshold, although it met the current 20% threshold.

The Ontario Securities Commission granted the requested exemption.

The applicant, Guyana Goldfields Inc., 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 granted the order, noting that the applicant's outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are no longer traded on any marketplace.