Elixxer Ltd.
Headnote
National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions -- Application by an issuer for a revocation of cease trade orders issued by the Commission and Autorite des Marches Financiers -- cease trade order issued because the issuer had failed to file certain continuous disclosure materials required -- Ontario opt-in to revocation order issued by Autorite des Marches Financiers, as principal regulator.
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.
[Original text in French]
Decision N°: 2025-IC-1026551
SEDAR N°: 000021111
April 16, 2025
ELIXXER LTD.
(the Issuer )
REVOCATION ORDER
UNDER THE SECURITIES LEGISLATION OF
QUÉBEC AND ONTARIO
(the Legislation)
Background
The Issuer is subject to a failure-to-file cease trader order (the FFCTO) issued on May 8, 2023 by the Autorité des marches financiers (the Principal Regulator) and Ontario (each a Decision Maker) respectively.
The Issuer has applied to each of the Decision Makers under Policy Statement 11-207 respecting Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions (Policy Statement 11-207) for an order revoking the FFCTO.
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, CQLR, c. V-1.1, r. 3, in Regulation 14-501Q respecting Definitions, CQLR, c. V-1.1, r. 4 or in Policy Statement 11-207 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.
"Marie-Claude Brunet-Ladrie"
Director, Supervision of Issuers and Insiders
OSC File #: 2023/0642