Mutual Reliance Review System for ExemptiveRelief Applications - issuer meets the requirements set outin CSA Staff Notice 12-307 - issuer deemed to have ceased tobe a reporting issuer.
Applicable Ontario Statutory Provisions
Securities Act, R.S.O. 1990, c. S.5, as am.s. 83.
October 28, 2003
Fasken Martneau DuMoulin LLP
Attention: Aaron Atkinson
TRP NT Corp. (the Applicant) - applicationto cease to be a reporting issuer under the securitieslegislation of the provinces of Alberta, Saskatchewan,Manitoba, Ontario, Quebec, Nova Scotia and Newfoundlandand Labrador (collectively, the Jurisdictions)
The Applicant has applied to the local securitiesregulatory authority or regulator (the Decision Maker) in eachof the Jurisdictions for a decision under the securities legislation(the Legislation) of the Jurisdictions to be deemed to haveceased to be a reporting issuer in the Jurisdictions.
As the Applicant has represented to the DecisionMakers that,
• the outstandingsecurities of the Applicant, including debt securities, arebeneficially owned, directly or indirectly, by less than 15security holders in each of the jurisdictions in Canada andless than 51 security holders in total in Canada;
• no securitiesof the Applicant are traded on a marketplace as defined inNational Instrument 21-101 Marketplace Operation;
• the Applicantis applying for relief to cease to be a reporting issuer inall of the jurisdictions in Canada in which it is currentlya reporting issuer; and
• the Applicantis not in default of any of its obligations under the Legislationas a reporting issuer,
each of the Decision Makers is satisfied thatthe test contained in the Legislation that provides the DecisionMaker with the jurisdiction to make the decision has been metand orders that the Applicant is deemed to have ceased to bea reporting issuer.