The Applicant applied to the securities regulatory authorities in multiple Canadian jurisdictions for a decision that it is not a reporting issuer.
The Applicant represented that its outstanding securities are beneficially owned by fewer than 51 security holders in Canada, its securities are not traded on a marketplace, and it is not in default of its obligations as a reporting issuer.
The Decision Maker was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.