Securities Law & Instruments

Headnote

 

National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions – Application by an issuer for a revocation of cease trade orders issued by the Commission and British Columbia Securities Commission – 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 British Columbia Securities Commission, as principal regulator.

 

Applicable Legislative Provisions

 

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

National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.

 

Citation: 2017 BCSECCOM 341

 

REVOCATION ORDER

 

HUNTER OIL CORP.

under the securities legislation of

British Columbia and Ontario (Legislation)

 

Background

 

1              Hunter Oil Corp. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the regulator in each of British Columbia (the Principal Regulator) and Ontario (each a Decision Maker) respectively on May 5, 2017.

 

2              The Issuer has applied to each of the Decision Makers under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocation in Multiple Jurisdiction (NP 11-207) for an order revoking the FFCTOs.

 

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

 

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

 

Interpretation

 

5              Terms defined in National Instrument 14-101 Definitions and NP 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless otherwise defined.

 

Order

 

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


7              The decision of the Decision Makers under the Legislation is that the FFCTO is revoked as it applies to the Issuer.

 

8              November 10, 2017

 

“Michael L. Moretto, CPA, CA”

Manager

Corporate Finance