The applicant, Lynden Energy Corp., applied to the Ontario Securities Commission for a decision that it is no longer a reporting issuer.
The Commission found that the applicant met the statutory test, as 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 application was granted, and the applicant was ordered to no longer be a reporting issuer.