The Applicant, Webtech Wireless Inc., applied for a decision under the securities legislation of Ontario, Alberta, Saskatchewan, and Manitoba 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 that its securities are not traded on any marketplace.
The Ontario Securities Commission, acting as Decision Maker, was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.