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Refilings and Errors List
On October 25, 2002, we introduced the Refilings and Errors List (the List) on the Commission's web site. The purpose of the List is to provide transparency to the market when, during a staff review, an issuer has amended its CD record, website or social media.
The List identifies issuers and investment funds with deficiencies identified during a staff review and that leads to Corrective Disclosure and will result in the issuer or investment fund being placed on the List. Please note that we will add the name of an issuer or investment fund to the List irrespective of whether the deficiency was identified by staff, by the issuer or investment fund or their advisors during the review process. We will also add the issuer or investment fund to the List regardless of whether the Commission ordered the filing or refiling, or the issuer or investment fund took this step voluntarily.
An issuer or investment fund’s name will be kept on the List for a period of three years from the date the Corrective Disclosure is made to the Continuous Disclosure record or website, or on social media. After the three-year period, the issuer or investment fund’s name will be archived.
For additional information and examples regarding Corrective Disclosure, please refer to OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors
Results 81 - 100 of 108
Date of Refiling
Issuer name
Description of Deficiency
Press Release (in PDF)
Sangoma Technologies Corporation
The Issuer filed a clarifying press release on September 23, 2021 to clarify disclosures made in its in its management discussion and analysis for the year ended June 30, 2020 (the “2020 Annual MD&A”) and for the three and nine months ended March 31, 2021 (the “Q3 2021 MD&A” and, together with the 2020 Annual MD&A, the “MD&As”). In the MD&As, the Corporation made certain disclosures regarding guidance for fiscal year 2020 and fiscal year 2021 which constituted forward-looking information but did not appropriately provided the material factors and assumptions that were used to develop such forward looking-information and did not appropriately discussed how the forward-looking information compared to actual results . In the clarifying press release, the Company provided additional information to help investors understand the material factors and assumptions that were used to develop such forward looking-information, and difference between the forward-looking information presented and actuals.
Silo Wellness Inc.
| The issuer filed the Q1 2021 interim financial statements for the 3 month period ended January 31, 2021 of FlyOverture Equity Inc., a wholly-owned subsidiary of the issuer and the reverse takeover (the RTO) acquirer in the RTO transaction that occurred on March 1, 2021. These financial statements were required to be filed in accordance with subparagraph 4.10(2)(a)(i) of NI 51-102 by April 1, 2021, but were previously omitted by the issuer. |
Silver Bear Resources Plc
The Company announced its intention to amend and refile the March 2021 Technical Report on the Mangazeisky Silver Project to address certain technical disclosure that does not comply with the requirements of NI 43-101. The amended Technical Report and an amended and restated AIF will be refiled by October 29, 2021. In addition, the Company has filed certain material contracts previously entered into by the Company.
Electrovaya Inc.
The Issuer refiled its interim MD&A and certifications for the three and six months ended March 31, 2021 as a result of the following deficiencies: (1) lack of required discussion and analysis of operations, including quantification of factors that have caused period over period variances; (2) lack of depth in the discussion and analysis contained in the Liquidity and Capital Resources section; and (3) clarification of the Issuer’s definition of EBTIDA which is adjusted by measures not typically included in the standard definition of EBITDA.
DataMetrex AI Limited
The issuer filed the notice of change of auditor and letter from former auditor, which were previously omitted.
Solvbl Solutions Inc.
| The Issuer filed a clarifying press release on July 30, 2021 to announce that the resolution, “The Arrangement: Spin-out 1312541 B.C. Ltd., a wholly-owned subsidiary of the Company" (the Spin-out), as described in the Management Information Circular of the Company dated June 25, 2021 (the Circular), will not be put to the shareholders for approval. The resolution will be withdrawn at the shareholders meeting because OSC staff’s review of the Circular determined that the Circular does not include disclosure as required under subsection 14.2 of Form 51-102F5 for the provision of prospectus level disclosure of 1312541 B.C. Ltd. |
Psyched Wellness Ltd
Reasons for refiling: The Issuer had to refile its MD&As for the year ended November 30, 2020 and for the three months ended February 28, 2021 as a result of the following deficiencies: lack of clear disclosure in respect of the outlook and strategy, the cost breakdown of the issuer’s advertising and promotion expenditures, the impact of COVID-19, the regulatory overview of non-psychedelic mushroom and the issuer’s disclosures relating to projects which have not yet generated revenue.
KWG Resources Inc.
Correcting disclosure that did not comply with NI 43-101 – OSC Policy 51-601 deficiency 2 (d)
Arizona Metals Corp.
The Company filed updated technical reports on the Kay Mine Project and Sugarloaf Peak Project to support new technical information disclosed in its AIF filed on May 11, 2021.
Enablence Technologies Inc.
The Issuer refiled its annual & interim MD&A and certifications for the financial year ended June 30, 2020, for the three months ended September 30, 2020, for the three and six months ended December 31, 2020 and for the three and nine months ended March 31, 2021 to provide further explanations and clarifications on certain disclosures. The issuer also filed the Statement of Executive Compensation for financial years ended 2020 and 2019, which were not previously filed.
betterU Education Corp.
The Issuer refiled an amended and restated interim MD&A for the three and nine months ended December 31, 2020 to provide further explanations and clarifications on certain disclosures.
The Issuer also filed the Statement of Executive Compensation for financial years ended 2020 and 2019, which was required to have been filed at an earlier date.
Steppe Gold Ltd.
Technical report omitted information required for advanced properties (deficiency 2 d)
Largo Resources Ltd.
Refiled the annual information form for the year ended December 31, 2020 to incorporate the reconciliation of mineral reserve and mineral resource estimates for the Campbell Pit at the Company’s Maracás Menchen Mine as at December 31, 2020, and to clarify that all members of the Company’s audit committee meet the applicable independence requirements.
Tartisan Nickel Corp.
The Issuer filed an amended and restated technical report on the Kenridge Nickel Project to revise certain disclosure, reflect a current site visit, and remove reference to an outdated PEA.
Solitario Zinc Corp.
| The Issuer filed an amended and restated technical report on the Florida Canyon Project to include required disclosure from the existing PEA, and to also clarify certain other disclosure. |
GoldSpot Discoveries Corp.
MD&A refiled to include discussion of operations (consulting income and net investments gains)
Canbud Distribution Corporation
The Issuer filed a clarifying press release on May 20, 2021 to clarify management’s misunderstanding of Health Canada’s communication regarding approval of a federal sales license for medical purposes (the Federal Sales License), which was issued by Health Canada to the Issuer on January 29, 2021 rather than October 22, 2020 as previously disclosed. On March 5, 2021, the Issuer also filed a copy of the Federal Sales License, which was required to be filed as a material contract at an earlier date.
In addition, the press release dated May 20, 2021 (i) clarifies that the Issuer’s proposed acquisition of 2688453 Ontario Ltd. (2688) has not been completed to date and the Issuer has not commenced any psychedelics cultivation operations in Jamaica; (ii) includes disclosure withdrawing previously disclosed forward-looking information regarding the Issuer’s plans to build a microdosing retreat in Jamaica within 12-18 months contained in the Issuer’s news released dated December 7, 2020; and (iii) discusses the differences between actual results and previously disclosed forward-looking information contained in the Issuer’s prospectus dated September 30, 2020.
Facedrive Inc.
The Issuer filed a clarifying press release on April 30, 2021 to explain the prior period accounting errors identified in the Q2 2020 and Q3 2020 interim financial statements with respect to the computation of: i) the fair value of shares issued to Medtronics Online Solutions Ltd. and ii) the impairment charge on the book value of the Issuer’s intangible assets relating to HiRide Share Ltd.
The Issuer also filed a material change report with respect to its prior acquisition of Steer and the material contract related to the acquisition of Steer, which were required to have been filed at an earlier date.
SRHI Inc. (formerly Sprott Resource Holdings Inc.)
The Issuer filed a material change report formally withdrawing the PEA disclosure from the MTV Project Technical Report (October 4, 2018) as well as the PEA disclosure in its AIF (March 3, 2021) derived from those sections of the Technical Report. The Issuer will also file a revised Technical Report on the MTV Project before May 27, 2021.