Autorité
Des Marchés
Financiers (S.E.C) Québec.
Decision No. 2014-FIIC-0206
Ref : O.T. Mining Corp.
Cease trading order
Given the decision 2014-FIIC-0188 rendered June 20th 2014, immediately ordering O.T. Mining Corp. (an OTC issuer) and its shareholders, brokers and their representatives as well as any other person, from all activities related to the over the counter issuer’s shares, for a period of fifteen days, from the date of this order (temporary decision);
In view of the omission of the over the counter issuer to file with the Autorité des Marchés Financiers (Autorité) the documents and information (missing documents) required subject to article 73 of the Law on securities RLRQ, c. V-1.1 (The Law) and of article 5 of regulation 51-105 on Over The Counter American issuers, RLRQ, c.V-1.1, r.24.1 (Regulation 51-105);
In view of the temporary decision remitted to the Over the Counter Issuer, informing it of what follows:
- It is in the public interest to decree a cease activity order on the shares following the failure to file the documents and information required according to the Law and Regulation 51-105;
- There is urgency to render this decision and all delay granted to the issuer to provide comments could cause prejudice;
Given the warning per article 318 of the Law included in the temporary decision whereby the Autorité advised the Over the Counter Issuer of its intention of declaring on the 7th of July 2014 according to article 265 of the Law, a new cease activity order on the shares, if the latter continues to fail filing with the Authority, the documents and information required by the Law and Regulation 51-105;
Given the failure of the Over the Counter Issuer to file the missing documents as of the date of this decision:
Given articles 265, 267 and 318 of the law;
Given the powers delegated to the Autorité des Marchés Financiers according to article 24 of the Law on the Authorité des Marches Financiers RLRQ, c.A-33.2.
In consequence thereof, l’Autorité:
forbids O.T. Mining Corp and its shareholders, brokers and their representatives as well as all other persons, activities related to the shares of the Over the Counter issuer because the latter is not in conformity with the rule set out in Regulation 51-105.
You may demand, within the next thirty days that the present decision be reviewed by the Bureau de decision et de revision (Review Board), established according to article 92 of the Loi sur L’Authorite des marches financiers (Law on securities), RLRQ, c. A-33.2 and according to article 322 of the Law.
The Authority can revoke the present decision according to article 318 of the Law, if the Over the Counter issuer, provides the missing documents to the satisfaction of the Authority.
The Cease activity order was decreed on the 7th of July 2014 and remains in effect until it is either modified or removed.
Signed
Josée Deslauriers
Principal Director for investments and continuous reporting.
Copies sent to OT Mining Corporation, 310 Victoria Avenue, Suite 103, Westmount (Quebec) H3Z 2M9.
To the attention of Madame Rosemary L. Christensen.
c.c.: OTC PINK
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