Headnote
Mutual Reliance Review System for Exemptive Relief Applications -- application for an order that the issuer is not a reporting issuer.
Ontario Statutes
Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10).
March 8, 2007
Bennett Jones 4500, 855 - 2nd Street S.W. Calgary, Alberta T2P 4K7Attention: Shannon Ward
Dear Madam:
Re: | CGGVeritas Services Inc. (formerly Veritas DGC Inc.) (the "Applicant") - Application to Cease to be a Reporting Issuer under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Québec, Nova Scotia, New Brunswick 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 via this application to cease to be a reporting issuer in all of the jurisdictions in Canada other than British Columbia in which it is currently a reporting issuer and in British Columbia the Applicant has submitted a notice of voluntary surrender of reporting issuer status pursuant to the British Columbia Instrument 11-502; 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 in the Jurisdictions.
Relief requested granted on the 8th day of March, 2007.
"Blaine Young"Associate Director, Corporate Finance
Alberta Securities Commission