OSC 2015

The applicant, Aegon Fund Management Inc., applied for approval of an indirect change of control of the manager of several mutual funds under section 5.5(1)(a.1) of National Instrument 81-102.

The change of control resulted from the sale of the majority of Aegon N.V.'s Canadian operations to Wilton Re.

The Ontario Securities Commission granted the requested approval, noting that no substantive changes were expected in the operation or management of the funds.

The Applicant, Chaparral Gold Corp., applied for a decision that it is not a reporting issuer under the securities legislation of multiple jurisdictions.

The Decision Maker found that the Applicant met the criteria, including having fewer than 51 securityholders worldwide and no securities traded on a marketplace, and ordered that the Applicant is no longer a reporting issuer.

The Filer, Mood Media Corporation, applied for a decision under the securities legislation that the first trade of Settlement Shares issued pursuant to a lawsuit settlement be exempt from the prospectus requirement.

The Ontario Securities Commission granted the exemptive relief, provided that the Toronto Stock Exchange conditionally approves the listing of the shares, the first trade satisfies the conditions in subsection 2.6(3) of National Instrument 45-102, and the issuance is disclosed in the Filer's interim financial statements.

The applicant, Unite Capital Corp., applied for a decision that it is no longer a reporting issuer in Alberta and Ontario.

Following an amalgamation, the applicant became a wholly-owned subsidiary of Lakeside Minerals Inc., and its outstanding securities were beneficially owned by fewer than 15 security holders in each Canadian jurisdiction.

Although the applicant was in default of certain continuous disclosure obligations, the Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The applicant, Sun Life Global Investments (Canada) Inc., applied on behalf of the Sun Life Schroder Emerging Markets Fund for exemptive relief from sections 2.5(2)(a) and 2.5(2)(c) of National Instrument 81-102.

The relief was sought to permit the fund to invest up to 10% of its net asset value in a Luxembourg-based underlying fund that invests in frontier markets.

The principal regulator granted the exemption, noting that the underlying fund is subject to European Union regulations substantially similar to NI 81-102, provided that the fund complies with specified disclosure and divestment conditions.

The Applicant, U.S. Silver Corporation, 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 any obligations as a reporting issuer.

The Ontario Securities Commission granted the application, ordering that the Applicant is not a reporting issuer.

The Applicant, as manager of two investment funds, applied for a decision that the funds cease to be reporting issuers.

The funds had no unitholders in the series qualified by their simplified prospectuses, and all other unitholders were institutional accredited investors or clients of an affiliate in managed accounts.

The Commission granted the requested exemptive relief, noting that the funds would continue as pooled funds subject to applicable regulatory obligations.

The Applicant, Duluth Metals Limited, applied to the Ontario Securities Commission and the Alberta Securities Commission for a decision that it is no longer a reporting issuer.

The Decision Maker found that the Applicant met the statutory test, as 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 any obligations under the legislation.

The application was granted and the Applicant was ordered to no longer be a reporting issuer.

Element Financial Corporation applied for an exemption from the financial statement requirements in Section 8.4 of National Instrument 51-102 for a business acquisition report related to the acquisition of railcars and leases.

The Ontario Securities Commission granted the exemption, allowing the filer to provide alternative financial information, as historical financial statements for the acquired assets were unavailable and would not be relevant to investors.

The Filer, an open-ended investment trust, applied for exemptive relief from the requirement under National Instrument 44-101 to file a notice of intention at least 10 business days prior to filing a preliminary short form prospectus.

The Filer sought to expedite a public offering to capitalize on a favourable market window and to provide unitholders with information ahead of a special meeting regarding the extension of the trust's termination date.

The Ontario Securities Commission granted the requested exemption.

Uranium One Inc. applied for exemptive relief to cease being a reporting issuer in multiple Canadian jurisdictions following a going-private transaction.

The Filer's common shares were acquired by a single shareholder and de-listed from the TSX.

The Filer's outstanding debt securities are not beneficially owned by Canadian residents and are traded on foreign exchanges.

The Ontario Securities Commission, acting as principal regulator, granted the requested relief, determining that the Filer met the requirements to cease being a reporting issuer.

The applicant applied to the Ontario Securities Commission for exemptive relief to permit its Top Funds to invest in its Underlying Funds, despite statutory restrictions on investment funds knowingly making investments in related persons or substantial security holders.

The Commission granted the requested relief, revoking and replacing a prior relief order, subject to conditions ensuring compatibility of investment objectives, avoidance of duplicate fees, and adequate disclosure to investors.

The Filer, New Gold Bayfield Corp., applied for a decision under the securities legislation of Ontario and Alberta to cease to be a reporting issuer.

Following an amalgamation, all common shares of the Filer were owned by New Gold Inc., and the Filer had no intention of accessing capital markets.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The Filer, FAM Real Estate Investment Trust, applied for exemptive relief from the requirement to include certain historical financial statements in its business acquisition report relating to the acquisition of a portfolio of office properties.

The Filer demonstrated that the prior owner did not possess the necessary historical accounting records.

The Ontario Securities Commission granted the exemption, permitting the Filer to include alternative financial statements in the report.

The applicant, a French corporation, applied for exemptive relief from the prospectus and dealer registration requirements of Ontario securities legislation in connection with a global employee share offering.

The offering involved the issuance of units in a French collective shareholding vehicle (FCPE) to Canadian employees.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the securities.

The Filer applied for an exemption from the financial statement requirements in Section 8.4 of National Instrument 51-102 for a business acquisition report relating to its acquisition of a student housing property.

The Filer was unable to obtain full historical financial records for the property prior to the vendor's acquisition date.

The Ontario Securities Commission granted the exemption, permitting the Filer to file alternative financial statements, including audited financial statements for a 21-month period.

The applicants, Lincluden Investment Management Limited and Morguard Corporation, applied for exemptive relief under National Instrument 81-102.

They sought approval for a proposed change of control of the manager and an abridgement of the required notice period to unitholders from 60 days to not less than 30 days.

The Ontario Securities Commission granted the requested relief, noting that the change of control would not result in material changes to the management or operations of the fund, and that unitholders would not be prejudiced by the shortened notice period.

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 securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and are not traded on any marketplace.

The Decision Maker granted the application, ordering that the Applicant is not a reporting issuer.

The Filer applied for exemptive relief on behalf of itself and certain top funds to permit them to invest in underlying funds where they may become substantial securityholders, and where officers, directors, or substantial securityholders of the Filer may have a significant interest.

The Ontario Securities Commission granted the requested relief, subject to conditions including that securities of the top funds are distributed solely pursuant to prospectus exemptions, investments are compatible with fundamental investment objectives, and no duplicative fees are payable.

The Applicant, World Energy Solutions, Inc., applied to the securities regulatory authorities in multiple Canadian jurisdictions for a decision that it is no longer 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 Ontario Securities Commission granted the application and ordered that the Applicant is not a reporting issuer.