Securities Law & Instruments

Headnote

 

Filer deemed to have ceased to be offering its securities to the public under the OBCA.

 

Applicable Legislative Provisions

 

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

 

IN THE MATTER OF

THE BUSINESS CORPORATIONS ACT (ONTARIO), R.S.O. 1990, c. B.16, AS AMENDED

(the OBCA)

 

AND

 

IN THE MATTER OF

R SPLIT III CORP.

(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 deeming it 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 the OBCA;

 

2.             The Applicant’s registered address is located at 40 King Street West, Scotia Plaza, 26th Floor, P.O. Box 4085, Toronto, Ontario, M5W 2X6;

 

3.             The issued and outstanding Class A Capital Shares (“Capital Shares”) and Class B Preferred Shares, Series 1 (“Preferred Shares”) of the Applicant were redeemed on May 31, 2017;

 

4.             Following the redemption, the only issued and outstanding shares are now owned by R Split III Holdings Corp. (Class J Shares) and Scotia Capital Inc. (Class S Shares), and no other shares are currently issued and outstanding;

 

5.             The Applicant’s Capital Shares and Preferred Shares were de-listed from the TSX effective the close of trading on May 31, 2017;

 

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

 

7.             On June 28, 2017, the Applicant was granted an order that it is not a reporting issuer in Ontario pursuant to subclause 1(10)(a)(ii) of the Securities Act (Ontario), and is not a reporting issuer or the equivalent in any other jurisdiction of Canada in accordance with the procedure set out in National Policy 11-206 Process for Cease to be a Reporting Issuer Applications.

 

                AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

 

                IT IS HEREBY 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 July 14, 2017.

 

“Mark Sandler”

Commissioner

Ontario Securities Commission

 

“Frances Kordyback”

Commissioner

Ontario Securities Commission