Paulette Kennedy

Vanguard Investments Canada Inc. applied to the Ontario Securities Commission for exemptive relief for its exchange-traded funds.

The applicant sought relief from the take-over bid requirements and the requirement that the funds' prospectus contain an underwriter's certificate.

The Commission granted the requested relief, subject to the condition that purchasers of units provide an undertaking not to exercise voting rights for units representing more than 20% of the outstanding units.

The underwriter certificate exemption was granted subject to a sunset clause.

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.

The applicant, a French issuer, applied for exemptive relief from the prospectus and dealer registration requirements of the Securities Act in connection with a global employee share offering.

The offering involved a French collective employee shareholding vehicle (FCPE).

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the units or shares acquired by Canadian participants.

The applicant, a French issuer, applied for relief from the prospectus and dealer registration requirements of the Securities Act in connection with a global employee share offering.

The offering involved the use of collective employee shareholding vehicles (FCPEs) under French law.

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

Pediment Gold Corp. applied for a decision under the securities legislation of Alberta and Ontario to be deemed to have ceased to be a reporting issuer.

Following a plan of arrangement, Argonaut Gold Inc. acquired all issued and outstanding shares of the applicant.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief, finding that the applicant met the requirements as its outstanding securities were beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 in total in Canada.

The Filer, an investment dealer, applied for an exemption from the prospectus requirement in connection with the distribution of contracts for difference and OTC foreign exchange contracts to investors.

The Ontario Securities Commission granted the requested relief, subject to terms and conditions, including that the Filer provide a clear and plain language risk disclosure document to clients prior to their first transaction.

The relief revokes and replaces previous relief granted to the Filer in 2003.

The Filer, The Goldfarb Corproation, applied to the Ontario Securities Commission and other jurisdictions for a decision that it is no longer a reporting issuer.

The Filer had consolidated its shares such that all outstanding securities were beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada.

Its shares were delisted from trading.

The Commission granted the requested exemptive relief, ordering that the Filer is no longer a reporting issuer.

The applicant, SQI Diagnostics Inc., applied to the Ontario Securities Commission for a ruling under subsection 74(1) of the Securities Act to exempt the posting of electronic roadshow materials from the prospectus requirement in section 53.

The applicant sought to conduct a cross-border offering and comply with U.S. securities laws, which require unrestricted access to such materials, conflicting with Ontario's waiting period restrictions.

The Commission granted the requested relief, subject to conditions including the provision of a contractual right of action for misrepresentation to Ontario purchasers.

The Filer, ING Summit Industrial Fund LP, applied for an order to cease being a reporting issuer in multiple Canadian jurisdictions.

The Filer had legally defeased its outstanding debentures by irrevocably depositing funds in trust to satisfy all payment obligations on the upcoming redemption date.

As the Filer had no other public securityholders and the debentureholders no longer required public disclosure, the Ontario Securities Commission, acting as principal regulator, granted the exemptive relief sought.

The Filer, San Anton Resource Corporation, applied for a decision to be deemed to have ceased to be a reporting issuer under the securities legislation of Alberta, British Columbia, and Ontario.

Following a business combination, the Filer became an indirect wholly-owned subsidiary of Kings Minerals NL, and its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction of Canada.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

Porter Aviation Holdings Inc. applied for an order that it is not a reporting issuer under applicable securities laws.

The Filer became a reporting issuer upon the issuance of a receipt for a prospectus, but subsequently withdrew the public offering and no securities were distributed.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The applicant filed an application under section 140(2) of the Securities Act for a decision that certain documents filed on SEDAR, including a material change report and material contracts, be held in confidence.

The documents contained commercially sensitive operational and financial information regarding a solar power project transaction.

The applicant subsequently filed redacted versions of the documents.

The Ontario Securities Commission granted the requested relief, finding that the desirability of avoiding disclosure of the confidential information outweighed the principle of public availability, and that the redacted information was not material to investors.

The Filer, a French issuer, applied for exemptive relief from the prospectus and dealer registration requirements for trades in units of special purpose entities made in connection with a global employee share offering to Canadian participants.

The Ontario Securities Commission granted the relief, subject to conditions, noting that the special purpose entities are subject to local supervision, Canadian participants will receive disclosure documents, and the number of Canadian participants is de minimis.

Sprott Asset Management L.P. applied for exemptive relief from the related issuer and fund-on-fund investment prohibitions under the Securities Act.

The Ontario Securities Commission granted the relief, permitting the pooled funds to purchase exchange-traded securities of related entities and to invest in other mutual funds managed by the filer.

The relief was granted subject to conditions, including approval by the independent review committee and compliance with transparency and fee duplication requirements.

The Filer, manager of the Pro Financial Mutual Funds, applied for exemptive relief from certain disclosure and consent requirements under National Instrument 81-105 Mutual Fund Sales Practices.

The relief was sought in connection with a private placement of non-voting shares to participating dealers and their sales representatives.

The Ontario Securities Commission granted the exemption, allowing the Filer to provide evergreen disclosure of aggregate holdings up to a stated maximum percentage, rather than continuously updating the disclosure for each trade.

The relief was granted subject to conditions, including that participating dealers agree to abide by written policies and procedures for compliance with the modified disclosure requirements.

The Filers applied to the Ontario Securities Commission for exemptive relief from the prospectus delivery requirement and certain prospectus form requirements in connection with at-the-market (ATM) distributions of trust units.

The Commission granted the relief, noting that prospectus delivery is not practicable in an ATM distribution where the dealer does not know the identity of the purchasers.

The relief was granted subject to conditions, including the filing of a modified forward-looking issuer certificate and specific disclosure regarding purchasers' statutory rights.

Hillsborough Resources Limited applied for a decision that it is no longer a reporting issuer.

Following a plan of arrangement, all of its common shares and debentures were acquired or cancelled, and its shares were delisted from the TSX.

The Filer was in default of audit committee requirements under NI 52-110 because its new board members did not comply.

The Ontario Securities Commission granted the exemptive relief sought, declaring the Filer is not a reporting issuer.

The Filer, Orvana Minerals Asturias Corp., applied for a decision under the securities legislation of Alberta, British Columbia, and Ontario that it is no longer a reporting issuer.

Following a take-over bid, compulsory acquisition, and subsequent amalgamation, the Filer had no publicly held securities and its outstanding securities were beneficially owned by fewer than 15 security holders in each jurisdiction.

The Ontario Securities Commission, acting as principal regulator, granted the exemptive relief sought, ordering that the Filer is not a reporting issuer.

The Filers applied for exemptive relief from the monthly reporting requirements for conflict of interest transactions involving related parties of mutual funds under the Securities Act.

The Ontario Securities Commission granted the relief, provided that similar disclosure is made in the management reports on fund performance for each mutual fund and that certain records of related party portfolio transactions are maintained.

The Filer applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The Filer had legally defeased its outstanding debentures by depositing sufficient Government of Canada bonds in trust to satisfy all principal and interest payments.

As the Filer has no public securityholders other than the holders of the defeased debentures, who no longer require public disclosure, the principal regulator granted the exemptive relief sought.