British Columbia Securities Commission Grants Order for Reyna Gold Corp.

Strategic Insights -

The British Columbia Securities Commission has granted an order to Reyna Gold Corp., allowing it to cease being a reporting issuer in all jurisdictions of Canada. This decision follows an application from the company, which represented that it meets the criteria under the securities legislation of the jurisdiction.

Key Takeaways:

  • Reyna Gold Corp. is no longer a reporting issuer in British Columbia, as per the order granted by the Securities Commission (British Columbia Securities Commission, 2024).
  • The company meets the criteria for ceasing to be a reporting issuer, as it is not an OTC reporting issuer and has fewer than 15 securityholders in each of the jurisdictions of Canada (British Columbia Securities Commission, 2024).
  • Reyna Gold Corp. is not in default of securities legislation in any jurisdiction and has not traded its securities on any marketplace or facility (British Columbia Securities Commission, 2024).
  • The British Columbia Securities Commission is the principal regulator for this application, and the company provided notice that subsection 4C.5(1) of Multilateral Instrument 11-102 is intended to be relied upon in Alberta (British Columbia Securities Commission, 2024).
  • The order was granted based on the Filer representing that the company meets the test set out in the Legislation for the principal regulator to make the order (British Columbia Securities Commission, 2024).
  • The order is effective immediately, and Reyna Gold Corp. will no longer be required to file annual and periodic information with the securities regulatory authorities (British Columbia Securities Commission, 2024).

Statistics:

  • The order was granted on November 26, 2024 (British Columbia Securities Commission, 2024).
  • Reyna Gold Corp. has fewer than 15 securityholders in each of the jurisdictions of Canada (British Columbia Securities Commission, 2024).
  • The company has no securities traders in Canada or another country on a marketplace or any other facility (British Columbia Securities Commission, 2024).
  • The company is not in default of securities legislation in any jurisdiction (British Columbia Securities Commission, 2024).

Sources:

  • British Columbia Securities Commission (2024). In the Matter of the Process for Cease to be a Reporting Issuer Applications and In the Matter of Reyna Gold Corp. (2024 BCSECCOM 490)
  • Securities Act, R.S.B.C. 1996, c. 418 (s. 88)