EGI Canada Corporation - s. 83
Headnote
Mutual Reliance Review System for Exemptive Relief Applications -- issuer deemed to have ceased to be a reporting issuer.
Ontario Statutes
Securities Act, R.S.O. 1990, c. S.5, as am., s. 83.
January 26, 2006
Attention: Christopher Sullivan
Dear Sirs/Mesdames:
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RE:
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EGI Canada Corporation ("EGI Canada") -- Application to Cease to be a Reporting Issuer under the securities legislation of the Provinces of Ontario, Alberta, Saskatchewan, Quebec, New Brunswick, Nova Scotia, and Newfoundland and Labrador (collectively, the "Jurisdictions")
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EGI Canada has applied to the local securities regulatory authority or regulator (the "Decision Maker") in each of the Jurisdictions for an order under the securities legislation (the "Legislation") of the Jurisdictions to be deemed to have ceased to be a reporting issuer in the Jurisdictions.
As EGI Canada has represented to the Decision Makers that,
• the outstanding securities of EGI Canada, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in each of the jurisdictions in Canada and less than 51 security holders in total in Canada;
• no securities of EGI Canada are traded on a marketplace as defined in National Instrument 21-101 - Marketplace Operation;
• EGI Canada is applying for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and
• EGI Canada is not in default of any of its obligations under the Legislation as a reporting issuer,
each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that EGI Canada is deemed to have ceased to be a reporting issuer.