Headnote National Policy 11-203 Process For Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c.S.5, as am., ss., s. 1(10)(a)(ii)
August 8 , 2012
Vaaldiam Mining Inc. c/o Fasken Martineau DuMoulin LLP 333 Bay Street, Suite 2400, Toronto, Ontario, M5H 2T6 historical drilling information for SCRA, developed the initial
Attention: Daye Kaba
Dear Mr. Kaba:.
Re: Vaaldiam Mining Inc. (the Applicant) - application for a decision under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Québec, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut (the Jurisdictions) that the Applicant is not a reporting issuer
The Applicant has applied to the local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions for a decision under the securities legislation (the Legislation) of the Jurisdictions that the Applicant is not a reporting issuer.
In this decision, “securityholder” means, for a security, the beneficial owner of the security.
The Applicant has represented to the Decision Makers that:
the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly and indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and less than 51 securityholders in total worldwide;
no securities of the Applicant, including debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;
the Applicant is applying for a decision that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and
the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer.
“Jo-Anne Matear”
_____________________ Jo-Anne Matear
Manager, Corporate Finance
Ontario Securities Commission