Dynamic Technologies Group Inc.

Headnote

National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jusidictions - Section 144 of the Securities Act (Ontario) - Application for revocation of cease trade order - issuer subject to cease trade order as a result of failure to file annual and interim financial statements, related management's discussion and analysis and related certificates - issuer is also in default for failing to file interim financial statements and certificates subsequent to the cease trade order - issuer is also seeking to cease to be a reporting issuer in all jurisdictions of Canada in which it is currently a reporting issuer - full revocation granted effective as of the date the issuer is determined to not be a reporting issuer.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990 c. S.5, as am., ss. 127 and 144.

Citation: Re Dynamic Technologies Group Inc., 2023 ABASC 114

July 21, 2023

ALBERTA SECURITIES COMMISSION

REVOCATION ORDER

UNDER THE SECURITIES LEGISLATION
OF ALBERTA AND ONTARIO (the Legislation)

DYNAMIC TECHNOLOGIES GROUP INC.

Background

Dynamic Technologies Group Inc. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the regulator or securities regulatory authority in each of Alberta (Principal Regulator) and Ontario (each a Decision Maker) respectively on 9 May 2023.

On or about 21 July 2023 the Filer obtained a decision from the securities regulatory authorities in Alberta (the Decision) and Ontario deeming the Filer to no longer be a reporting issuer in the respective jurisdictions.

This order is the order of the Principal Regulator and evidences the decision of the Decision Maker in Ontario.

Interpretation

Terms defined in National Instrument 14-101 Definitions or National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless otherwise defined.

Order

Each of the Decision Makers is satisfied that the order to revoke the FFCTO meets the test set out in the Legislation for the Decision Maker to make the decision.

The decision of the Decision Makers under the Legislation is that the FFCTO is revoked, as it applies to the Issuer.

"Timothy Robson"
Manager, Legal
Corporate Finance
Alberta Securities Commission

OSC File #: 2023/0297