British Columbia Securities Commission Grants Cease to be a Reporting Issuer Order to NorCrest Metals ULC

NorCrest Metals ULC has been granted a cease to be a reporting issuer order by the British Columbia Securities Commission, effective March 10, 2025. This decision brings an end to the issuer's status as a reporting issuer in all jurisdictions of Canada where it was previously registered. The order was granted following a review of the issuer's representations, which demonstrated compliance with securities legislation requirements.

Key Takeaways:

• The British Columbia Securities Commission has granted a cease to be a reporting issuer order to NorCrest Metals ULC, effective March 10, 2025.
• The order applies to the issuer's status in all jurisdictions of Canada where it was previously registered, excluding Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.
• The issuer has represented that it is not an OTC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets.
• NorCrest Metals ULC has fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders worldwide.
• The issuer has not traded any securities publicly or privately through a marketplace or facility.
• The British Columbia Securities Commission was the principal regulator for this application, with the Ontario Securities Commission also evidencing the decision.

Statistics:

• March 10, 2025: Date of the order granting the cease to be a reporting issuer status to NorCrest Metals ULC.
• 0: Number of securityholders in each of the jurisdictions of Canada (fifteen or fewer).
• 51: Total number of securityholders worldwide (fewer than fifty-one).
• 0: Number of securities traded in Canada or another country on a marketplace or facility.

Sources:

• 1. Vancouver: British Columbia Securities Commission has issued the following decision on [2025-03-10]: Citation: 2025 BCSECCOM 110.