Securities Law & Instruments

Headnote

 

National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jusidictions – Application by an issuer for a revocation of cease trade orders issued by the Commission and Autorite des marches financiers – cease trade order issued because the issuer had failed to file certain continuous disclosure materials required – defaults subsequently remedied by bringing continuous disclosure filings up-to-date – Ontario opt-in to revocation order issued by Autorite des Marches Financiers, as principal regulator.

 

Applicable Legislative Provisions

 

Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127, 144.

 

Citation: 2017-IC-0016

 

September 21, 2017

 

REVOCATION ORDER

Under the securities legislation of

Québec and Ontario

(Legislation)

 

BITUMEN CAPITAL INC.

(the Filer)

 

Background

 

1.             Bitumen Capital Inc. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the regulator or securities regulatory authority in each of Québec (Principal Regulator) and Ontario (each a Decision Maker) respectively on May 8, 2017.

 

2.             The Issuer has applied to each of the Decision Makers under Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revoca-tions in Multiple Jurisdictions (Policy Statement 11-207) for an order revoking the FFCTOs.

 

3.             The Issuer has filed the periodic continuous disclosure documents required under the Legislation.

 

4.             This order is the order of the Principal Regulator and evidences the decision of the Decision Maker in Ontario.

 

Interpretation

 

Terms defined in National Instrument 14-101 Definitions, in Regulation 14-501Q on definitions, or National Policy 11-207 have the same meaning if used in this order, unless otherwise defined.

 


Order

 

5.             Each of the Decision Makers is satisfied that the order to revoke the FFCTO meets the test set out in the Legislation for the Decision Maker to make the decision.

 

6.             The decision of the Decision Makers under the Legislation is that the FFCTO is revoked.

 

“Martin Latulippe”

Director, Continuous Disclosure

Autorité des marchés financiers