The Applicant applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.
The Decision Makers were satisfied that the Applicant met the statutory test, as its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and its securities are not traded on a marketplace.
The application was granted, and the Applicant was ordered to no longer be a reporting issuer.