The Applicant, Goldbrook Ventures Inc., applied for a decision under the securities legislation of Ontario and Alberta that it is not a reporting issuer.
The Decision Maker was satisfied that the Applicant met the test contained in the legislation, as its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of any obligations as a reporting issuer.
The application was granted and the Applicant was ordered to not be a reporting issuer.