AlarmForce Industries Inc.

Decision

Headnote

National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceased to be a reporting issuer under securities legislation.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).

January 12, 2018

IN THE MATTER OF

THE SECURITIES LEGISLATION OF

ONTARIO

 

AND

 

IN THE MATTER OF

ALARMFORCE INDUSTRIES INC.

(the Applicant)

 

DECISION

AlarmForce Industries Inc.

1 Carrefour Alexander Graham Bell

Tour A-7

Verdun, Quebec

Canada H3E 3B3

Dears Sirs/Mesdames:

Re:         AlarmForce Industries Inc. (the Applicant) – Application for an order under subclause 1(10)(a)(ii) of the Securities Act (Ontario) (the Act) that the Applicant is not a reporting issuer

The Applicant has applied to the Ontario Securities Commission for an order under subclause 1(10)(a)(ii) of the Act that the Applicant is not a reporting issuer.

In this order, “securityholder” means, for a security, the beneficial owner of the security.

The Applicant has represented to the Commission that:

(a)           the outstanding securities of the Appli-cant, including debt securities, are bene-ficially owned, directly or indirectly, by fewer than 15 securityholders in Ontario and fewer than 51 securityholders in total worldwide;

 

(b)           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;


(c)           the Applicant is not in default of securities legislation in any jurisdiction; and

 

(d)           the Applicant will not be a reporting issuer in any jurisdiction of Canada immediately following the Director granting the relief requested.

The Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is not a reporting issuer.

“Winnie Sanjoto”

Manager, Corporate Finance

Ontario Securities Commission