Securities Law & Instruments

Headnote

 

Applicant deemed to have ceased to be offering its securities to the public under the Business Corporations Act (Ontario).

 

Statutes Cited

 

Business Corporations Act, R.S.O. 1990, c. B.16 as am., s. 1(6).

 

IN THE MATTER OF

THE BUSINESS CORPORATIONS ACT,

R.S.O. 1990, c. B.16, AS AMENDED

(the OBCA)

 

AND

 

IN THE MATTER OF

DALRADIAN RESOURCES INC.

(the Applicant)

 

ORDER

(Subsection 1(6) of the OBCA)

 

                UPON the application of the Applicant to the Ontario Securities Commission (the “Commission”) for an order pursuant to subsection 1(6) of the OBCA to be deemed to have ceased to be offering its securities to the public;

 

                AND UPON the Applicant representing to the Commission that:

 

1.             The Applicant is an “offering corporation” as defined in subsection 1(1) of the OBCA.

 

2.             The Applicant has no intention to seek public financing by way of an offering of securities.

 

3.             On September 21, 2018 the Applicant was granted an order (the “September 21 Order”) pursuant to subclause 1(10)(a)(ii) of the Securities Act (Ontario) that it is not a reporting issuer in Ontario and is not a reporting issuer or the equivalent in any other jurisdiction in Canada in accordance with the simplified procedure set out in National Policy 11-206 Process for Cease to be a Reporting Issuer Applications. The representations set out in the September 21 Order continue to be true.

 

                AND UPON the Commission being satisfied that to grant this order would not be prejudicial to the public interest;

 

                IT IS ORDERED by the Commission, pursuant to subsection 1(6) of the OBCA, that the Applicant is deemed to have ceased to be offering its securities to the public.

 

                DATED at Toronto on this 23rd day of November 2018.

 

“Mark Sandler”

Commissioner

Ontario Securities Commission

 

“Anne Marie Ryan”

Commissioner

Ontario Securities Commission