The Applicant applied for a decision under the securities legislation of Ontario and Alberta that it is not 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, its securities are not traded on any marketplace, and it is not in default of its obligations.
The Decision Maker found the statutory test was met and ordered that the Applicant is not a reporting issuer.
