William Furlong

The applicants, Sirius XM Canada Holdings Inc. and 2517835 Ontario Inc., applied for exemptive relief from various continuous disclosure, insider reporting, and formal valuation requirements in connection with a going private transaction.

The transaction involved the acquisition of all issued and outstanding shares of Sirius XM Canada Holdings Inc. by 2517835 Ontario Inc. under a plan of arrangement, utilizing an exchangeable share structure.

The Ontario Securities Commission granted the requested relief, subject to certain conditions, including that the arrangement becomes effective by a specified date and that the resulting entity complies with specific ownership and disclosure conditions.

Biogen Inc. applied to the Ontario Securities Commission for an exemption from the prospectus requirement under section 53 of the Securities Act.

The exemption was sought in connection with a proposed spin-off of its subsidiary, Bioverativ Inc., by way of a dividend in specie to Canadian shareholders.

The Commission granted the exemption, provided that the first trade in the distributed shares is deemed a distribution unless certain resale conditions are met.

Goldeye Explorations Limited applied for an order to cease to be a reporting issuer in Alberta, British Columbia, and Ontario following a plan of arrangement where it became a wholly owned subsidiary of Treasury Metals Inc. The Ontario Securities Commission, acting as principal regulator, granted the order, noting that the Filer's outstanding securities were beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 worldwide.

AGF Investments Inc. applied for exemptive relief on behalf of several proposed exchange-traded funds (ETFs).

The applicant sought exemptions from the underwriter's certificate requirement, the prospectus form requirement, and the take-over bid requirements.

The Ontario Securities Commission granted the requested relief, subject to conditions including the filing and delivery of a Summary Document or ETF Facts document to purchasers.

The applicant, an Australian company listed on the ASX, applied for an order to cease to be a reporting issuer in Ontario, Alberta, and British Columbia.

The applicant demonstrated that Canadian residents beneficially own less than 2% of its outstanding shares and comprise less than 2% of its total securityholders worldwide.

The applicant also confirmed it had not taken steps to create a market for its securities in Canada in the past 12 months.

The Ontario Securities Commission, acting as principal regulator, granted the order.

The Filer, International Datacasting Corporation, applied for an order to cease being a reporting issuer in all applicable Canadian jurisdictions following a three-cornered amalgamation with Novra Technologies Inc. As a result of the transaction, all common shares of the Filer are held by Novra, and the Filer has fewer than 15 securityholders in each jurisdiction.

Although the Filer was in default of certain interim financial filing obligations, the principal regulator was satisfied that the statutory test was met.

The application was granted, and the Filer ceased to be a reporting issuer.

The applicants, Brookfield Property Partners L.P. and Brookfield Office Properties Inc., applied for exemptive relief from various continuous disclosure, certification, insider reporting, audit committee, and short form prospectus qualification requirements under Ontario securities legislation.

The relief was sought in connection with an internal reorganization where Brookfield Property Partners acts as a parent credit supporter for securities issued by Brookfield Office Properties Inc. The Ontario Securities Commission granted the requested exemptions, subject to specific conditions regarding consolidated financial reporting, guarantees, and compliance with U.S. federal securities laws as an SEC foreign issuer.

The applicant, Gryphon Investment Counsel Inc., applied for exemptive relief on behalf of certain top funds to permit them to invest in underlying funds managed by the applicant or its associates, which would otherwise violate the substantial security holder restrictions in the securities legislation.

The Ontario Securities Commission granted the requested relief, revoking and replacing a prior relief decision, subject to conditions including that the investments are compatible with the top funds' objectives, limits on the underlying funds' investments in other funds, and specific disclosure requirements.

The applicant sought exemptive relief from the prospectus and dealer registration requirements of Ontario securities legislation in connection with a global employee share offering.

The offering involved the issuance of units in a French collective shareholding vehicle to Canadian employees.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the securities.

The Filers applied for a decision under the securities legislation of multiple jurisdictions that the Fund is not a reporting issuer.

The Fund, an open-ended mutual fund trust, ceased offering units under a prospectus and is only owned by managed account clients or accredited investors.

The Ontario Securities Commission, as principal regulator, granted the exemptive relief, noting that ceasing to be a reporting issuer would reduce regulatory and financial burdens for the Fund and its unitholders.

Cangold Limited applied to the Ontario Securities Commission and the Alberta Securities Commission for an order declaring that it has ceased to be a reporting issuer.

Following a statutory plan of arrangement, Cangold became a wholly owned subsidiary of Great Panther Silver Limited, and its shares were delisted from the TSX Venture Exchange.

The Commission granted the requested relief, noting that Cangold's outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.