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NCE Oil & Gas (1993) Fund et al. - MRRS Decision
Headnote
Mutual Reliance Review System for ExemptiveRelief Applications - Issuer has only one security holder -issuer deemed to have ceased being a reporting issuer.
Subsection 1(6) of the OBCA - Issuer deemedto have ceased to be offering its securities to the public underthe Business Corporations Act (Ontario).
Applicable Ontario Statutory Provisions
Securities Act, R.S.O. 1990, c. S.5, as am.,s. 83.
Business Corporations Act, R.S.O. 1990, c.B.16,as am., s. 1(6).
IN THE MATTER OF
THE SECURITIES LEGISLATIONOF
SASKATCHEWAN, ONTARIO, QUEBEC,NOVA SCOTIA AND
NEWFOUNDLAND AND LABRADOR
AND
IN THE MATTER OF
THE MUTUAL RELIANCE REVIEWSYSTEM
FOR EXEMPTIVE RELIEF APPLICATIONS
AND
IN THE MATTER OF
NCE OIL & GAS (1993) FUND,
NCE ENERGY ASSETS (1993) FUND,
NCE OIL & GAS (1994) FUND,
NCE ENERGY ASSETS (1994) FUND,
NCE ENERGY ASSETS (1995) FUNDAND
NCE OIL & GAS (1995) FUND
MRRS DECISION DOCUMENT
WHEREAS the local securities regulatoryauthority or regulator (the "Decision Maker") in eachof Saskatchewan, Ontario, Quebec, Nova Scotia and Newfoundlandand Labrador (the "Jurisdictions") has received anapplication from NCE Oil & Gas (1993) Fund, NCE Energy Assets(1993) Fund, NCE Oil & Gas (1994) Fund, NCE Energy Assets(1994) Fund, NCE Energy Assets (1995) Fund and NCE Oil &Gas (1995) Fund (collectively, the "Filers") for adecision pursuant to the securities legislation of the Jurisdictions(the "Legislation") that the Filers be deemed to haveceased to be a reporting issuer under the Legislation;
AND WHEREAS pursuant to the Mutual RelianceSystem for Exemptive Relief Applications (the "System"),the Ontario Securities Commission is the principal regulatorfor this application;
AND WHEREAS the Filers have representedto the Decision Makers that:
1. Each of the Filers was formed under thelaws of the Province of Ontario and its head office is locatedin Toronto, Ontario.
2. Each of the Filers, other than NCE EnergyAssets (1995) (which is not a reporting issuer in Quebec andSaskatchewan) and NCE Energy Assets (1993) and NCE EnergyAssets (1994) (which are not reporting issuers in Quebec),is a reporting issuer in each of the Jurisdictions and eachof the Filers is not in default of any of the requirementsof the Legislation.
3. Each of the Filers is authorized to issuean unlimited number of units (collectively, the "Units").There are currently 8,335 Units of NCE Oil & Gas (1993)Fund, 11,515 Units of NCE Energy Assets (1993) Fund, 9,930Units of NCE Oil & Gas (1994) Fund, 5,692 Units of NCEEnergy Assets (1994) Fund, 17,648 Units of NCE Energy Assets(1995) Fund and 9,119 Units of NCE Oil & Gas (1995) Fundissued and outstanding.
4. Endev Energy Inc. ("Endev") isthe beneficial owner of all the Units.
5. Endev became the sole holder of the Unitsfollowing the completion of a take-over bid made by way ofa take-over bid circular dated April 30, 2002 and purchasesmade pursuant to an acquisition agreement dated August 13,2002 between Endev and each of the Filers.
6. No securities of the Filers are listedor quoted on any exchange or market.
7. Other than the Units, the Filers have nosecurities, including debt securities, outstanding.
8. The Filers do not intend to seek publicfinancing by way of an offering of their securities.
AND WHEREAS pursuant to the System, thisMRRS Decision Document evidences the decision of each DecisionMaker (collectively, the "Decision");
AND WHEREAS each of the Decision Makersis satisfied that the test contained in the Legislation thatprovides the Decision Maker with the jurisdiction to make theDecision has been met;
THE DECISION of the Decision Makers underthe Legislation is that the each of the Filers is deemed tohave ceased to be a reporting issuer under the Legislation asof the date hereof.
October 28, 2002.
"John Hughes"
IN THE MATTER OF
THE SECURITIES LEGISLATIONOF
ALBERTA, SASKATCHEWAN, ONTARIO,QUEBEC, NOVA SCOTIA AND
NEWFOUNDLAND AND LABRADOR
AND
IN THE MATTER OF
THE MUTUAL RELIANCE REVIEWSYSTEM
FOR EXEMPTIVE RELIEF APPLICATIONS
AND
IN THE MATTER OF
NCE ENERGY ASSETS (1996) FUND
MRRS DECISION DOCUMENT
WHEREAS the local securities regulatoryauthority or regulator (the "Decision Maker") in eachof Alberta, Saskatchewan, Ontario, Quebec, Nova Scotia and Newfoundlandand Labrador (the "Jurisdictions") has received anapplication from NCE Energy Assets (1996) Fund (the "Filer")for a decision pursuant to the securities legislation of theJurisdictions (the "Legislation") that the Filer bedeemed to have ceased to be a reporting issuer under the Legislation;
AND WHEREAS pursuant to the Mutual RelianceSystem for Exemptive Relief Applications (the "System"),the Ontario Securities Commission is the principal regulatorfor this application;
AND WHEREAS the Filer has representedto the Decision Makers that:
1. The Filer was formed under the laws ofthe Province of Ontario and its head office is located inToronto, Ontario.
2. The Filer is a reporting issuer in eachof the Jurisdictions and is not in default of any of the requirementsof the Legislation.
3. The Filer is authorized to issue an unlimitednumber of units (the "Units"). There are currently15,673 Units issued and outstanding.
4. Endev Energy Inc. ("Endev") isthe beneficial owner of all the Units.
5. Endev became the sole holder of the Unitsfollowing the completion of a take-over bid made by way ofa take-over bid circular dated April 30, 2002 and purchasesmade pursuant to an acquisition agreement dated August 13,2002 between the Filer and Endev.
6. No securities of the Filer are listed orquoted on any exchange or market.
7. Other than the Units, the Filer has nosecurities, including debt securities, outstanding.
8. The Filer does not intend to seek publicfinancing by way of an offering of its securities.
AND WHEREAS pursuant to the System, thisMRRS Decision Document evidences the decision of each DecisionMaker (collectively, the "Decision");
AND WHEREAS each of the Decision Makersis satisfied that the test contained in the Legislation thatprovides the Decision Maker with the jurisdiction to make theDecision has been met;
THE DECISION of the Decision Makers underthe Legislation is that the Filer is deemed to have ceased tobe a reporting issuer under the Legislation as of the date hereof.
October 28, 2002.
"John Hughes"
IN THE MATTER OF
THE SECURITIES LEGISLATIONOF
ALBERTA, SASKATCHEWAN, ONTARIO,QUEBEC, NOVA SCOTIA AND
NEWFOUNDLAND AND LABRADOR
AND
IN THE MATTER OF
THE MUTUAL RELIANCE REVIEWSYSTEM
FOR EXEMPTIVE RELIEF APPLICATIONS
AND
IN THE MATTER OF
NCE OIL & GAS (1996) FUND
MRRS DECISION DOCUMENT
WHEREAS the local securities regulatoryauthority or regulator (the "Decision Maker") in eachof Alberta, Saskatchewan, Ontario, Quebec, Nova Scotia and Newfoundlandand Labrador (the "Jurisdictions") has received anapplication from NCE Oil & Gas (1996) Fund (the "Filer")for a decision pursuant to the securities legislation of theJurisdictions (the "Legislation") that the Filer bedeemed to have ceased to be a reporting issuer under the Legislation;
AND WHEREAS pursuant to the Mutual RelianceSystem for Exemptive Relief Applications (the "System"),the Ontario Securities Commission is the principal regulatorfor this application;
AND WHEREAS the Filer has representedto the Decision Makers that:
1. The Filer was formed under the laws ofthe Province of Ontario and its head office is located inToronto, Ontario.
2. The Filer is a reporting issuer in eachof the Jurisdictions and is not in default of any of the requirementsof the Legislation.
3. The Filer is authorized to issue an unlimitednumber of units (the "Units"). There are currently14,123 Units issued and outstanding.
4. Endev Energy Inc. ("Endev") isthe beneficial owner of all the Units.
5. Endev became the sole holder of the Unitsfollowing the completion of a take-over bid made by way ofa take-over bid circular dated April 30, 2002 and purchasesmade pursuant to an acquisition agreement dated August 13,2002 between the Filer and Endev.
6. No securities of the Filer are listed orquoted on any exchange or market.
7. Other than the Units, the Filer has nosecurities, including debt securities, outstanding.
8. The Filer does not intend to seek publicfinancing by way of an offering of its securities.
AND WHEREAS pursuant to the System, thisMRRS Decision Document evidences the decision of each DecisionMaker (collectively, the "Decision");
AND WHEREAS each of the Decision Makersis satisfied that the test contained in the Legislation thatprovides the Decision Maker with the jurisdiction to make theDecision has been met;
THE DECISION of the Decision Makers underthe Legislation is that the Filer is deemed to have ceased tobe a reporting issuer under the Legislation as of the date hereof.
October 28, 2002.
"John Hughes"
IN THE MATTER OF
THE SECURITIES LEGISLATIONOF
ALBERTA, SASKATCHEWAN, ONTARIO,QUEBEC, NOVA SCOTIA AND
NEWFOUNDLAND AND LABRADOR
AND
IN THE MATTER OF
THE MUTUAL RELIANCE REVIEWSYSTEM
FOR EXEMPTIVE RELIEF APPLICATIONS
AND
IN THE MATTER OF
NCE OIL & GAS (1997) FUND
MRRS DECISION DOCUMENT
WHEREAS the local securities regulatoryauthority or regulator (the "Decision Maker") in eachof Alberta, Saskatchewan, Ontario, Quebec, Nova Scotia and Newfoundlandand Labrador (the "Jurisdictions") has received anapplication from NCE Oil & Gas (1997) Fund (the "Filer")for a decision pursuant to the securities legislation of theJurisdictions (the "Legislation") that the Filer bedeemed to have ceased to be a reporting issuer under the Legislation;
AND WHEREAS pursuant to the Mutual RelianceSystem for Exemptive Relief Applications (the "System"),the Ontario Securities Commission is the principal regulatorfor this application;
AND WHEREAS the Filer has representedto the Decision Makers that:
1. The Filer was formed under the laws ofthe Province of Ontario and its head office is located inToronto, Ontario.
2. The Filer is a reporting issuer in eachof the Jurisdictions and is not in default of any of the requirementsof the Legislation.
3. The Filer is authorized to issue an unlimitednumber of units (the "Units"). There are currently8,421 Units issued and outstanding.
4. Endev Energy Inc. ("Endev") isthe beneficial owner of all the Units.
5. Endev became the sole holder of the Unitsfollowing the completion of a take-over bid made by way ofa take-over bid circular dated April 30, 2002 and purchasesmade pursuant to an acquisition agreement dated August 13,2002 between the Filer and Endev.
6. No securities of the Filer are listed orquoted on any exchange or market.
7. Other than the Units, the Filer has nosecurities, including debt securities, outstanding.
8. The Filer does not intend to seek publicfinancing by way of an offering of its securities.
AND WHEREAS pursuant to the System, thisMRRS Decision Document evidences the decision of each DecisionMaker (collectively, the "Decision");
AND WHEREAS each of the Decision Makersis satisfied that the test contained in the Legislation thatprovides the Decision Maker with the jurisdiction to make theDecision has been met;
THE DECISION of the Decision Makers underthe Legislation is that the Filer is deemed to have ceased tobe a reporting issuer under the Legislation as of the date hereof.
October 28, 2002.
"John Hughes"