OSC Staff Notice: 12-702 - Applications to be Deemed a Reporting Issuer in Ontario

Ontario Securities Commission Staff Notice 12-702

Applications to be Deemed a Reporting Issuer in Ontario

Orders Required by Year-end

As of June 30, 2001 all issuers listed on the Canadian Venture Exchange ("CDNX") that were not already reporting issuers in Ontario were required to immediately make an initial assessment of whether they had a "significant connection to Ontario". Those issuers with a significant connection were required to promptly make a bona fide application to the Ontario Securities Commission (a "deeming application") to be deemed a reporting issuer in Ontario. An Issuer must become a reporting issuer in Ontario within six months of becoming aware that it has a significant connection to Ontario. An issuer with a significant connection to Ontario, as assessed on June 30, 2001, must become a reporting issuer in Ontario by December 31, 2001.

This notice advises potential applicants of timing deadlines for filing and review of deeming applications for the period preceding December 31, 2001. Ontario Securities Commission staff wish to announce that, consistent with all other applications filed with the Ontario Securities Commission, all deeming applications should be filed before November 1, 2001 in order for the application to be dealt with by December 31, 2001.

This notice will expire on December 31, 2001.

Questions or concerns regarding the foregoing or the timing of particular applications should be brought to the attention of staff as soon as possible. For further information contact:

Margo Paul
Manager, Corporate Finance
Ontario Securities Commission
(416) 593-8136
[email protected]