ASC Variation of Cease Trade Order

ALBERTA SECURITIES COMMISSION

VARIATION ORDER

Citation: Re Atacama Resources International, Inc., 2021 ABASC 23

Date: 20210310

Atacama Resources International, Inc. (the Issuer)

Background

1. Cynthia Louise Ringheim and Terry Robert Ringheim (the Applicants) have made an application under section 214 of the Securities Act (Alberta) (the Act) to the Executive Director of the Alberta Securities Commission for an order (the Requested Relief) varying a cease trade order dated 27 July 2018 (the CTO) Re Atacama Resources International Inc. 2018 ABASC 120.

Interpretation

2. Terms defined in National Instrument 14-101 Definitions have the same meaning if used in this order, unless otherwise defined.

Representations

3. This decision is based on the following facts represented by the Applicants.

(a) The Applicants are the beneficial owner of 7,000,000 common shares of the Issuer (the Shares), held in trust for them at BMO Investorline.

(b) The Applicants are residents in Alberta.

(c) The CTO was issued in respect of the securities of the Issuer on 27 July 2018.

(d) To the best of the knowledge of the Applicants, the Issuer's head office is located in Wisconsin, United States.

(e) The Issuer's securities are not listed on and do not trade on any exchange or market in Canada, but are traded on the OTC Bulletin Board in the United States.

(f) The Applicants wish to sell their Shares (the Proposed Trade).

(g) The Applicants have never:

(i) been an insider of the Issuer;

(ii) been an employee or consultant of the Issuer;

(iii) had any other relationship or association with the Issuer; or

(iv) acted in concert with an insider of the Issuer.

(h) The Applicants are unable to undertake the Proposed Trade without the Requested Relief.

Decision

4. The undersigned, being of the opinion that it would not be prejudicial to the public interest to do so, orders under section 214(1) of the Act that the CTO is varied to permit the Applicants to sell the Shares acquired before the date of this order if both of the following apply:

(a) the sale is made through the OTC Markets Group Inc. Pink Market; and

(b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

10 March 2021

"original signed by"
Tom Graham, CA
Director, Corporate Finance
Alberta Securities Commission

Original