Issuer meets the requirements set out in OSC Staff Notice 12-703 - issuer deemed to have ceased to be a reporting issuer.
Applicable Ontario Statutory Provisions
Securities Act, R.S.O. 1990, c. S.5, as am., s. 83
ORDER GRANTING THE RELIEF
May 11, 2005
Dear Mr. Wong:
Crispin Energy Inc. (the "Applicant") -- Application to Cease to be a Reporting Issuer under s. 83 of the Securities Act (Ontario)
The Applicant has applied to the Ontario Securities Commission (the "Commission") for an order under s. 83 of the Securities Act (Ontario) (the "Act") to be deemed to have ceased to be a reporting issuer in the Jurisdictions.
As the Applicant has represented to the Commission that,
• the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in Ontario and less than 51 security holders in total in Canada;
• no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation;
• the Applicant is applying for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and
• the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.
the Directors is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is deemed to have ceased to be a reporting issuer.