OSC 2023

The Filer applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada.

The principal regulator was satisfied that the Filer met the requirements, including having fewer than 15 securityholders in each jurisdiction and no securities traded on a marketplace.

The order was granted.

The Filer applied to the Ontario Securities Commission for exemptive relief to extend the lapse date of the Nuveen Global Green Bond Fund's simplified prospectus from February 28, 2024, to May 24, 2024.

The extension was sought to align the Fund's prospectus renewal with the Filer's other mutual funds, thereby reducing costs and streamlining disclosure.

The Commission granted the requested relief, noting that there had been no material changes to the Fund and that investors would not be prejudiced.

The applicant, on behalf of existing and future mutual funds, applied for exemptive relief from the restriction in subsection 4.1(1) of National Instrument 81-102.

The relief sought to permit the funds to invest in equity securities during a distribution or the 60-day period thereafter, even when an affiliate of the applicant acts as an underwriter in a foreign jurisdiction.

The principal regulator granted the exemption, subject to conditions including independent review committee approval and that the securities are distributed via prospectus or private placement in the foreign jurisdiction.

The Filer, McEwen Mining Inc., applied to the Ontario Securities Commission for an exemption from the prospectus requirement under paragraph 74(1)2 of the Securities Act.

The exemption was sought to permit investment dealers to use standard term sheets, marketing materials, and conduct road shows in connection with future offerings under a final Canadian MJDS shelf prospectus, which are not expressly permitted by NI 71-101.

The Commission granted the requested exemptive relief, provided the conditions and requirements set out in Part 9A of NI 44-102 are complied with.

The applicant, Portland Investment Counsel Inc., applied to the Ontario Securities Commission for exemptive relief on behalf of certain investment funds from the annual and interim financial statement filing and delivery deadlines under National Instrument 81-106.

The funds invest heavily in underlying funds, which causes delays in obtaining the necessary audited financial statements to complete their own reporting.

The Commission granted the requested relief, extending the annual filing and delivery deadline to 180 days and the interim deadline to 120 days, subject to certain conditions.

The applicant, PolyMet Mining Corp., applied to the Ontario Securities Commission for an order to cease to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Commission found that the applicant met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and granted the order.

The Filer, Canaccord Genuity G Ventures Corp., applied for an order to cease to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The principal regulator, the Ontario Securities Commission, found that the Filer met the requirements, including having fewer than 51 securityholders worldwide and no securities traded on a marketplace.

The order was granted.

The applicant, Royal Gold, Inc., applied to the Ontario Securities Commission for an exemption from the prospectus requirement under the Securities Act.

The applicant sought permission for investment dealers to use standard term sheets, marketing materials, and conduct road shows in connection with future offerings under a Final Canadian MJDS Shelf Prospectus.

The principal regulator granted the exemptive relief, provided the conditions and requirements set out in Part 9A of National Instrument 44-102 are complied with.

The applicant sought exemptive relief on behalf of a continuing mutual fund to permit it to use the past performance data and financial information of two terminating funds following a merger.

The principal regulator granted the relief, allowing the continuing fund to include the terminating funds' data in its simplified prospectus, fund facts, management reports of fund performance, and sales communications, subject to specific disclosure conditions.

The applicant, an investment fund manager, applied for exemptive relief from the short selling concentration restriction in National Instrument 81-102.

The relief was sought to permit alternative mutual funds managed by the applicant to short sell index participation units up to 100% of their net asset value.

The principal regulator granted the requested relief, subject to conditions including compliance with aggregate exposure limits and disclosure requirements.

The applicant, Mindset Pharma Inc., applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The principal regulator found that the applicant met the legislative test, noting that its outstanding 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 application was granted.

The applicant, Frontenac Mortgage Investment Corporation, applied for exemptive relief to extend the lapse date for filing a renewal prospectus.

The applicant had ceased distributing its common shares and was engaged in the comment process with the principal regulator regarding an amendment and a pro forma prospectus.

The Ontario Securities Commission granted the requested relief, extending the lapse date to December 16, 2023, finding it would not be prejudicial to the public interest.

The applicant, John Deere Canada Funding Inc., applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

The applicant demonstrated 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 principal regulator found that the applicant met the test under the securities legislation and granted the order.

Home Capital Group Inc. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Filer 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 principal regulator was satisfied that the test under the legislation was met and granted the order.

Brookfield Reinsurance Ltd. applied for exemptive relief from the requirement under MI 61-101 to call a meeting of affected security holders and send an information circular regarding a proposed related party transaction.

The transaction involved an exchange offer for shares of its paired entity, Brookfield Corporation, which is the sole beneficial holder of the applicant's equity securities.

The Ontario Securities Commission granted the exemption, noting that the sole affected securityholder had already provided written consent and was fully aware of the transaction terms.

The Filer applied to the principal regulator for an order under the securities legislation to cease being a reporting issuer in all applicable jurisdictions of Canada.

The Filer demonstrated 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 principal regulator found that the order met the statutory test and granted the requested relief.

The Issuer applied to the Ontario Securities Commission for a revocation of a failure-to-file cease trade order and an order declaring that it has ceased to be a reporting issuer.

The Issuer had recently undergone CCAA proceedings, resulting in a sale and vesting order where all its new shares were acquired by a single entity, and its old shares were cancelled.

The Commission was satisfied that the statutory tests were met and granted both orders.

The filer, acting as the investment fund manager for several top funds, applied for exemptive relief from the financial statement filing and delivery deadlines under National Instrument 81-106.

The top funds invest in underlying funds that have varying financial reporting deadlines, making it impossible for the top funds to finalize their own financial statements within the standard regulatory timeframes.

The Ontario Securities Commission granted the requested relief, extending the annual filing and delivery deadline to 183 days and the interim deadline to 120 days, subject to certain conditions including disclosure to securityholders.

The applicant, 1832 Asset Management L.P., applied on behalf of the Dynamic Retirement Income Fund for exemptive relief to extend the lapse date of the Fund's simplified prospectus.

The extension was sought to align the Fund's prospectus renewal with the renewal of 126 other mutual funds managed by the applicant, thereby reducing costs and streamlining disclosure.

The Ontario Securities Commission granted the requested relief, finding that it would not be prejudicial to the public interest.

Rockcliff Metals Corporation applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is 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 principal regulator was satisfied that the test under the legislation was met and granted the order.