RE:RE:RE:RE:RE:Waiting patiently Ah yes, let me refresh your memory.
From the Canadian Securities Administrators
https://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=8C13E93B6FC64E04A748109C2E39CC08 Citation: 2023 BCSECCOM 106
Cease Trade Order
Western Magnesium Corporation
(the Issuer)
Under the securities legislation of British Columbia (Legislation)
Background
¶ 1 This is the order of the regulator of the British Columbia Securities Commission
(the Decision Maker).
¶ 2 The Issuer has not filed the following periodic disclosure required by the
Legislation:
1. annual audited financial statements for the year ended October 31, 2022
2. annual management’s discussion and analysis for the year ended
October 31, 2022,
3. certification of annual filings for the year ended October 31, 2022.
¶ 3 As a result of this order, if the Issuer is a reporting issuer in a jurisdiction in which
Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple
Jurisdictions applies, a person or company must not trade in or purchase a security
of the Issuer in that jurisdiction, except in accordance with the conditions that are
contained in this order, if any, for so long as this order remains in effect.
¶ 4 Further, this order takes automatic effect in each jurisdiction of Canada that has a
statutory reciprocal order provision, subject to the terms of the local securities
legislation.
Interpretation
¶ 5 Terms defined in the Legislation, National Instrument 14-101 Definitions and
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
¶ 6 The Decision Maker is satisfied that the decision concerning the cease trade meets
the test set out in the Legislation to make this decision.
¶ 7 It is ordered under the Legislation that trading cease in respect of each security of
the Issuer.
¶ 8 Despite this order, a beneficial securityholder of the Issuer who is not, and was not
at the date of this order, an insider or control person of the Issuer, may sell
securities of the Issuer acquired before the date of this order if both of the
following apply:
1. the sale is made through a “foreign organized regulated market”, as defined in
section 1.1 of the Universal Market Integrity Rules of the Investment Industry
Regulatory Organization of Canada; and
2. the sale is made through an investment dealer registered in a jurisdiction of
Canada in accordance with applicable securities legislation.
¶ 9 March 6, 2023
Michael Moretto, CPA, CA, CPA (Illinois)
Deputy Director, Corporate Disclosure