MRRS Decision Document - Letter Granting the Relief
TORYS LLP
Suite 3000
79 Wellington Street West
Toronto, ON M5K 1N2
Attention: Cindy Cameron
Dear Ms. Cameron:
Re: | Allstream Inc. (the Applicant) - Application to Cease to be a Reporting Issuer under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and Newfoundland and Labrador (the Jurisdictions) |
The Applicant has applied to the local securities regulatory authority or
regulator (the Decision Maker) in each of the Jurisdictions for a decision under
the securities legislation (the Legislation) of the Jurisdictions to be deemed
to have ceased to be a reporting issuer in the Jurisdictions.
As the Applicant has represented to the Decision Makers that,
1. the outstanding securities of the Applicant, 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;
2. no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation;
3. the Applicant 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
4. the Applicant 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 the Applicant is deemed to have ceased to be a reporting issuer.
DATED this "29th" day of "June", 2004
"Charlie MacCready"