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Application to revoke reporting issuer status granted as securities are held by fewer than 51 securityholders worldwide.
The Applicant, Lithium One Inc., applied to the Ontario Securities Commission for a decision revoking its status as a reporting issuer.
The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian 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 ordered that the Applicant is no longer a reporting issuer.
