Ontario Securities Commission

The Filer, Redwood Asset Management Inc., applied to the Director of the Ontario Securities Commission for an extension of the 90-day period to file a prospectus under subsection 2.1(2) of National Instrument 81-101.

The Director granted the requested exemption, subject to the condition that the prospectus be filed no later than September 14, 2015.

The applicant applied for a decision to revoke prior relief and exempt its existing and future exchange-traded funds from the take-over bid requirements under Ontario securities legislation.

The Ontario Securities Commission granted the requested exemption, noting that the application of take-over bid requirements would adversely impact unit liquidity and that the pricing mechanism of the funds deters control premiums.

Vicwest 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 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.

Bridgeport Asset Management Inc. applied for exemptive relief on behalf of several investment funds to permit a fund-on-fund structure.

The applicant sought relief from restrictions prohibiting an investment fund from knowingly making an investment in a person or company in which the fund is a substantial securityholder, and from restrictions prohibiting a registered adviser from causing an investment portfolio to purchase securities of an issuer in which a responsible person is a partner, officer, or director.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the top funds are distributed solely pursuant to prospectus exemptions and that no duplicative fees are payable.

The Filer applied for exemptive relief from the requirement under section 8.4 of NI 51-102 to include certain financial statement disclosure for significant acquisitions in its business acquisition report.

The Filer proposed to include alternative acquisition financial disclosures instead, as it was unable to obtain the historical accounting records necessary to prepare the required financial statements for the acquired properties.

The Ontario Securities Commission granted the requested exemption, provided the Filer includes the alternative disclosures in its business acquisition report.

The Applicant, Soltoro Ltd., applied to the Ontario Securities Commission and other jurisdictions for a decision 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, 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.

Israel Chemicals Ltd. applied to the Ontario Securities Commission and other provincial regulators for a decision that it is not a reporting issuer in the jurisdictions.

The Filer became a reporting issuer following a plan of arrangement where it acquired Allana Potash Corp. and issued shares to a Canadian resident.

Given its status as a foreign private issuer, its lack of substantive connection to Canada, and its compliance with US and Israeli securities laws, the Commission granted the requested exemptive relief.

The Rubicon Project, Inc. applied to the Ontario Securities Commission for an exemption from the prospectus requirement for the first trade of its common shares issued to former shareholders of Chango Inc. in connection with a plan of arrangement.

The Commission granted the requested relief, provided that the first trade is executed through the facilities of the NYSE or another exchange outside of Canada, and that Canadian residents do not own more than 10 percent of the outstanding shares after the distribution.

The Applicant, CGL Buritica Limited, 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, its securities are not traded on any marketplace, and it is not in default of any obligations under the legislation.

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

The Applicant, Ainsworth Lumber Co. Ltd., applied to the Ontario Securities Commission and other provincial regulators 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 Commission was satisfied that the statutory test was met and ordered that the Applicant is no longer a reporting issuer.

The applicant applied to the Ontario Securities Commission and other provincial regulators 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 security holders in each Canadian jurisdiction and fewer than 51 worldwide, and that 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.

Masco Corporation applied for an exemption from the prospectus requirement under section 53 of the Securities Act in connection with the distribution of shares of its wholly-owned subsidiary, TopBuild Corp., to Masco shareholders resident in Canada.

The distribution is part of a spin-off transaction.

The Ontario Securities Commission granted the requested relief, provided that the first trade in TopBuild Shares issued in connection with the spin-off is deemed a distribution unless certain resale conditions are met.

The applicant, Russell Investments Canada Limited, applied for exemptive relief from certain provisions of National Instrument 81-102 regarding derivative transactions.

The relief sought to permit the applicant's mutual funds to enter into Cleared Swaps and deposit cash and portfolio assets as margin with Futures Commission Merchants and Clearing Corporations.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the regulatory status and financial requirements of the Futures Commission Merchants.

AGF Investments Inc. applied to the Ontario Securities Commission for exemptive relief to permit the merger of certain mutual funds where the investment objectives of the merging funds were not substantially similar to the continuing funds.

The Commission granted the requested merger approvals, subject to AGF obtaining prior approval from the securityholders of each of the merging funds.

Cangold Limited applied to the Ontario Securities Commission and the Alberta Securities Commission for an order declaring that it has ceased to be a reporting issuer.

Following a statutory plan of arrangement, Cangold became a wholly owned subsidiary of Great Panther Silver Limited, and its shares were delisted from the TSX Venture Exchange.

The Commission granted the requested relief, noting that Cangold's outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.

The applicant applied for exemptive relief under subsection 5.5(1)(b) of National Instrument 81-102 to permit the reorganization of a terminating mutual fund into a continuing mutual fund.

The reorganization did not meet all pre-approval criteria because the fundamental investment objectives of the funds were not substantially similar.

The Principal Regulator granted the requested relief, conditional upon the applicant obtaining prior approval from the unitholders of the terminating fund at a special meeting.

The Filer, a reporting issuer listed on the TSX Venture Exchange, applied for exemptive relief from the requirements applicable to non-venture issuers.

The Filer recently obtained a secondary listing on the Santiago Venture Market, which technically disqualified it from the 'venture issuer' definition.

The Ontario Securities Commission granted the relief, allowing the Filer to continue complying with venture issuer obligations, provided it maintains its TSXV listing and the filing obligations of both exchanges remain identical.

The Empire Life Insurance Company applied to the Ontario Securities Commission for exemptive relief from the qualification requirements under National Instrument 44-101 to file a short form prospectus for the distribution of Series 1 Shares.

The applicant also requested that the application materials be kept confidential for a specified period.

The Commission granted both the exemptive relief, subject to certain conditions including that the securities receive a designated rating, and the confidentiality relief.

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

The Commission found that the Applicant's 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, and the Applicant was ordered to no longer be a reporting issuer.

The applicant applied for exemptive relief on behalf of the Intactive Funds from the mutual fund investment restrictions in National Instrument 81-102.

The relief sought to permit the Intactive Funds to invest up to 10% of their net assets in the Invesco Select Emerging Markets Pool, which is not subject to NI 81-102 and not qualified for distribution in the local jurisdiction.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the EM Pool complies with certain parts of NI 81-102 and NI 81-106, and that the Intactive Funds disclose the investment in their prospectuses.