OSC 2015

Contrans Group Inc. applied to the Ontario Securities Commission and other 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 its securities are not traded on any marketplace.

The Manager of Corporate Finance granted the application, ordering that the applicant is not a reporting issuer.

The applicant applied on behalf of several proposed exchange-traded funds for exemptive relief from the underwriter's certificate requirement, take-over bid requirements, and prospectus form requirement.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including the filing and delivery of a Summary Document for each class or series of ETF Securities, and an undertaking from purchasers not to exercise voting rights representing more than 20% of the outstanding ETF Securities.

The Filer applied to the Ontario Securities Commission for approval to merge several terminating mutual funds into continuing funds under paragraph 5.5(1)(b) of National Instrument 81-102.

The approval was required because the terminating and continuing funds did not have substantially similar investment objectives, failing the pre-approval criteria in section 5.6(1).

The Commission granted the requested exemptive relief, subject to the Filer obtaining prior securityholder approval for the mergers.

The applicant sought exemptive relief from various provisions of National Instrument 81-102 to permit its mutual funds (Top Funds) to invest in its exchange-traded mutual funds (Underlying ETFs).

The requested relief included exemptions from the concentration restriction, control restriction, fund of funds restriction, and the prohibition on paying brokerage commissions for trades in the Underlying ETFs.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the investments align with the Top Funds' objectives, no short selling of Underlying ETFs occurs, and the Underlying ETFs do not use leverage or rely on certain other exemptive relief.

The Applicant, Curis Resources Ltd., applied to the Ontario Securities Commission 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 its securities are not traded on any marketplace.

The Commission was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.

The Applicant applied to the Ontario Securities Commission for a decision that it is no longer a reporting issuer.

The Decision Maker found that the Applicant met the requirements, including having fewer than 51 securityholders worldwide and no securities traded on a marketplace.

The application was granted, and the Applicant was deemed to have ceased to be a reporting issuer.