Winnie Sanjoto

The Issuer, Star Navigation Systems Group Ltd., applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order issued on November 1, 2019.

The Issuer had failed to file its annual audited financial statements, management's discussion and analysis, and related certifications.

The Issuer subsequently filed all outstanding continuous disclosure documents and paid all required fees.

The Principal Regulator was satisfied that the test for revocation was met and ordered the cease trade order revoked.

The Filer applied for exemptive relief from various restricted security rules under National Instrument 41-101, OSC Rule 56-501, and National Instrument 51-102.

The Filer sought to create a new class of proportionate voting shares to maintain its status as a foreign private issuer under U.S. securities laws, which would technically render its common shares 'restricted securities' under Canadian rules.

The Ontario Securities Commission granted the requested exemptions, permitting the Filer to continue referring to its common shares as such and exempting it from certain disclosure and prospectus eligibility requirements, subject to conditions.

The Filer, Nepra Foods Inc., applied to the Ontario Securities Commission for exemptive relief from various restricted security rules under National Instrument 41-101, National Instrument 51-102, and OSC Rule 56-501.

The relief was sought in connection with the Filer's initial public offering and the creation of Proportionate Voting Shares, which technically rendered the Common Shares as restricted securities.

The Commission granted the requested exemptions, subject to conditions including that the Filer has no other restricted securities outstanding and provides consistent disclosure.

Roxgold Inc. applied to the Ontario Securities Commission for an order to cease to be a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The principal regulator found that the Filer met the necessary requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and not having its securities traded on any marketplace.

The order was granted.

The applicant applied for an order to cease to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The principal regulator found that the applicant met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, with no securities traded on a marketplace.

The order was granted.

The Filer, Metamaterial Inc., applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all jurisdictions of Canada where it currently holds that status.

The Filer represented that its outstanding securities are beneficially owned by fewer than 51 securityholders worldwide and are not traded on any marketplace in Canada or elsewhere.

The principal regulator found that the application met the statutory test and granted the requested order.

The Issuer applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order issued on September 18, 2020.

The Issuer had failed to file its audited annual financial statements, management's discussion and analysis, and related certifications.

The Issuer subsequently filed all required continuous disclosure documents and paid all outstanding fees.

The Principal Regulator was satisfied that the statutory test was met and granted the order revoking the cease trade order.

BitRush Corp. applied to the Ontario Securities Commission for a full revocation of a failure-to-file cease trade order issued in December 2016.

The Issuer had previously obtained a partial revocation to complete a private placement and shares-for-debt issuances.

Having brought its continuous disclosure filings up to date and provided required undertakings regarding future restructuring transactions, the Principal Regulator found the statutory test met and granted the revocation order.

The applicant, a newly formed real estate investment trust, applied for exemptive relief from the requirement to file a business acquisition report under Part 8 of NI 51-102 and from significant acquisition disclosure requirements under Item 10 of Form 44-101F1 for two recent acquisitions.

The applicant submitted that the acquisitions were not significant from a practical or financial perspective, representing only a small percentage of its actual assets, despite technically triggering the significance tests due to the applicant's recent formation and lack of full-year financial statements.

The Ontario Securities Commission granted the requested exemptive relief.

The Issuer, 3 Sixty Risk Solutions Ltd., applied for a partial revocation of a failure-to-file cease trade order issued by the Ontario Securities Commission.

The Issuer sought the partial revocation to complete a private placement of up to $6,750,000 to raise funds necessary to prepare and file outstanding continuous disclosure documents and for working capital.

The Commission granted the partial revocation order, permitting trades necessary for the private placement, subject to conditions including providing lenders with copies of the order and obtaining written acknowledgements.

The Filer, Boyuan Construction Group, Inc., applied for an order under the securities legislation of Ontario to cease to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The principal regulator found that the Filer met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and no securities traded on a marketplace.

The order was granted.

The Filer, Kinaxis Inc., applied to the Ontario Securities Commission for exemptive relief from the requirement under section 8.2 of NI 51-102 to file a business acquisition report following its acquisition of Rubikloud Technologies Inc. Although the acquisition triggered the profit or loss significance test, it did not meet the asset or investment tests, and the Filer demonstrated that the profit or loss test produced an anomalous result that exaggerated the significance of the acquisition.

The Principal Regulator granted the requested exemption.

The applicant, Seven Aces Limited, applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The applicant demonstrated that its outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The Commission was satisfied that the statutory test was met and granted the requested order.

The Filer, a special purpose acquisition company, applied for exemptive relief from certain prospectus and continuous disclosure requirements relating to the use of restricted security terms.

The relief was sought in connection with a potential qualifying transaction where restricted voting units would be renamed as limited partnership units.

The Principal Regulator granted the requested disclosure exemptions, subject to conditions regarding the Filer's capital structure prior to and following the qualifying transaction.

The applicants, Chemtrade Logistics Income Fund and BMO Nesbitt Burns Inc., applied to the Ontario Securities Commission for exemptive relief in connection with an at-the-market (ATM) distribution of trust units.

The applicants sought exemptions from the prospectus delivery requirement, certain prospectus form requirements, and the 10% aggregate cap on ATM distributions under National Instrument 44-102.

The Commission granted the requested exemptions, subject to conditions including minimum trading volume and value requirements, and specific disclosure obligations.

The Filer, The Stars Group Inc., applied for an order under the securities legislation of Ontario to cease to be a reporting issuer in all jurisdictions of Canada.

The Filer represented that its outstanding securities are beneficially owned by fewer than 51 securityholders worldwide and are not traded on any marketplace.

The principal regulator granted the order, finding that the Filer met the test set out in the legislation.

SAIS Limited applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction of Canada and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The principal regulator was satisfied that the test under the legislation was met and granted the requested order.

The Filer, Park Lawn Company Limited, applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction of Canada and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The principal regulator was satisfied that the test under the legislation was met and granted the order.

VersaPay Corporation applied to the Ontario Securities Commission for an order to cease to be a reporting issuer in all applicable Canadian jurisdictions.

The Filer represented that following an arrangement, its outstanding securities would be beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities would no longer be traded on any marketplace.

The principal regulator found the statutory tests were met and granted the requested order.

Greenbank Capital Inc. applied to the Ontario Securities Commission for an order revoking a failure-to-file cease trade order issued in December 2018.

The issuer had failed to file its annual audited financial statements, management's discussion and analysis, and related certifications.

The issuer subsequently filed all outstanding continuous disclosure documents and paid all required fees.

The Principal Regulator, satisfied that the statutory test was met, granted the application and revoked the cease trade order.