ZoomMed Inc.

Order

Headnote

National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions -- Application by an issuer for a revocation of a cease trade order issued by the Commission -- cease trade order issued because the issuer failed to file certain continuous disclosure materials required by Ontario securities law -- defaults subsequently remedied by bringing continuous disclosure filings up-to-date -- cease trade order revoked.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990, c. S.5, as am., s. 144.

National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

TRANSLATION

Decision No: 2023-IC-1037840
File No: 21870

July 13, 2023

ZOOMMED INC.

REVOCATION ORDER

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

Background

1. ZoomMed Inc. (the Issuer) is subject to a failure-to-file cease trader order (the FFCTO) issued by the regulator or securities regulatory authority in each of Québec (the Principal Regulator) and Ontario (each a Decision Maker) respectively on October 5, 2018.

2. The Issuer has applied to the Principal Regulator under Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions for an order revoking the FFCTO.

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

Interpretation

Terms defined in Regulation 14-101 respecting Definitions, in Regulation 14-501Q respecting Definitions or in Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless otherwise defined.

Order

4. 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.

5. The decision of the Decision Makers under the Legislation is that the FFCTO is revoked.

"Marie-Claude Brunet-Ladrie"
Directrice de la surveillance des émetteurs et initiés

OSC File #: 2023/0087