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Rolland Inc. - MRRS Decision
IN THE MATTER OF
THE SECURITIES LEGISLATION OF
ONTARIO AND QUÉBEC
AND
IN THE MATTER OF
THE MUTUAL RELIANCE REVIEW SYSTEM
FOR EXEMPTIVE RELIEF APPLICATIONS
AND
IN THE MATTER OF
ROLLAND INC.
MRRS DECISION DOCUMENT
WHEREAS the local securities regulatory authority or regulator (the "Decision Makers") in each of Ontario andQuébec (the "Jurisdictions") has received an application from Rolland Inc. (the "Filer") for a decision under the securitieslegislation of the Jurisdictions (the "Legislation") that the Filer be deemed to have ceased to be a reporting issuer in eachof the Jurisdictions;
AND WHEREAS under the Mutual Reliance Review System for Exemptive Relief Applications (the "System"),the Commission des valeurs mobilières du Québec is the principal regulator for this application;
AND WHEREAS the Filer has represented to the Decision Makers that:
1. The Filer is a corporation governed by the Canada Business Corporations Act and a reporting issuer in eachof the Jurisdictions.
2. The head office of the Filer is located in St-Jérôme, Québec.
3. The authorized share capital of the Filer consists of an unlimited number of Common Shares and an unlimitednumber of Preferred Shares; Cascades holds 21 306 930 Common Shares and there are no other registeredshareholders of the Filer.
4. The Common Shares of the Filer were delisted from The Toronto Stock Exchange on January 8, 2001 and theFiler no longer has any of its securities listed or traded on any exchange or market.
5. The Filer is not in default of any of the requirements under the Legislation.
6. The Filer results from the amalgamation of 3715981 Canada Inc. with Rolland Inc., which had been a reportingissuer under the Legislation for at least twelve months prior to the amalgamation.
7. Following the completion of the amalgamation, Cascades Inc. became the sole shareholder of the Filer.
8. The Filer has no other securities, including debt securities, outstanding.
9. The Filer does not intend to seek public financing by way of an offering of securities.
AND WHEREAS under the System, this MRRS Decision Document evidences the decision of each DecisionMaker (collectively the "Decision");
AND WHEREAS each of the Decision Makers is satisfied that the test contained in the Legislation that providesthe Decision Maker with the jurisdiction to make the Decision has been met;
THE DECISION of the Decision Makers under the Legislation is that the Filer is deemed to have ceased to bea reporting issuer in each of the Jurisdictions.
DATED at Montréal, on April 19th, 2001.
"Edvie Élysée"