Pan American Fertilizer (Canada) Corp. applied for an order under the Securities Act that it has ceased to be a reporting issuer in Ontario and Alberta.
The applicant demonstrated that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 securityholders worldwide.
The applicant's securities have never traded on a marketplace in Canada or elsewhere.
The Ontario Securities Commission, acting as principal regulator, granted the requested relief, finding that the applicant met the test set out in the legislation.
