Israel Chemicals Ltd. applied to the Ontario Securities Commission and other provincial regulators for a decision that it is not a reporting issuer in the jurisdictions.
The Filer became a reporting issuer following a plan of arrangement where it acquired Allana Potash Corp. and issued shares to a Canadian resident.
Given its status as a foreign private issuer, its lack of substantive connection to Canada, and its compliance with US and Israeli securities laws, the Commission granted the requested exemptive relief.
