OSC Bulletin
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The Ontario Securities Commission OSC Bulletin October 3, 2019 Volume 42, Issue 40 (2019), 42 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 30876322 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission. Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.). Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. © Copyright 2019 Ontario Securities Commission ISSN 0226-9325 Except Chapter 7 ©CDS INC. One Corporate Plaza Customer Support 2075 Kennedy Road 1-416-609-3800 (Toronto & International) Toronto, Ontario 1-800-387-5164 (Toll Free Canada & U.S.) M1T 3V4 Fax 1-416-298-5082 (Toronto) Fax 1-877-750-9041 (Toll Free Canada Only) Email [email protected] Table of Contents Chapter 1 Notices ................................................... 7889 2.2.11 The Mosport Park Entertainment Corporation 1.1 Notices .......................................................... 7889 – s. 144 .......................................................... 7958 1.1.1 CSA Notice and Request for Comment – 2.3 Orders with Related Settlement Proposed Amendments to National Agreements .................................................... (nil) Instrument 52-108 Auditor Oversight and 2.4 Rulings ............................................................ (nil) Proposed Changes to Companion Policy 52-108 Auditor Oversight................................ 7889 Chapter 3 Reasons: Decisions, Orders and 1.1.2 CSA Multilateral Staff Notice 58-311 Report on Rulings .................................................. 7961 Fifth Staff Review of Disclosure regarding 3.1 OSC Decisions ............................................. 7961 Women on Boards and in Executive Officer 3.1.1 Natural Bee Works Apiaries Inc. et al. – ss. Positions ......................................................... 7903 127, 127.1 ...................................................... 7961 1.1.3 Notice of Amended and Restated 3.2 Director’s Decisions ...................................... (nil) Memorandum of Understanding with the UK Financial Conduct Authority Concerning Chapter 4 Cease Trading Orders .......................... 7977 Consultation, Cooperation and the Exchange 4.1.1 Temporary, Permanent & Rescinding of Information Related to the Supervision of Issuer Cease Trading Orders ......................... 7977 Cross-Border Alternative Investment Fund 4.2.1 Temporary, Permanent & Rescinding Managers ....................................................... 7904 Management Cease Trading Orders ............. 7977 1.2 Notices of Hearing ......................................... (nil) 4.2.2 Outstanding Management & Insider 1.3 Notices of Hearing with Related Cease Trading Orders ................................... 7977 Statements of Allegations ........................... 7905 1.3.1 Solar Income Fund Inc. et al. – ss. 127(1), Chapter 5 Rules and Policies .................................. (nil) 127.1 .............................................................. 7905 1.4 Notices from the Office Chapter 6 Request for Comments .......................... (nil) of the Secretary ............................................ 7914 1.4.1 Majd Kitmitto et al. .......................................... 7914 Chapter 7 Insider Reporting .................................. 7979 1.4.2 Natural Bee Works Apiaries Inc. et al. ............ 7914 1.4.3 Solar Income Fund Inc. et al. .......................... 7915 Chapter 9 Legislation ............................................... (nil) 1.4.4 Canada Cannabis Corporation et al. .............. 7915 1.4.5 First Global Data Ltd. et al. ............................. 7916 Chapter 11 IPOs, New Issues and Secondary 1.5 Notices from the Office Financings ............................................. 8035 of the Secretary with Related Statements of Allegations ............................ (nil) Chapter 12 Registrations ......................................... 8041 12.1.1 Registrants ..................................................... 8041 Chapter 2 Decisions, Orders and Rulings ............ 7917 2.1 Decisions ...................................................... 7917 Chapter 13 SROs, Marketplaces, 2.1.1 PIMCO Canada Corp. .................................... 7917 Clearing Agencies and 2.1.2 CI Investments et al. ....................................... 7922 Trade Repositories ................................. (nil) 2.1.3 Algonquin Capital Corporation and the Top 13.1 SROs ............................................................... (nil) Funds ............................................................. 7925 13.2 Marketplaces .................................................. (nil) 2.1.4 Nuance Communications, Inc. ........................ 7931 13.3 Clearing Agencies ......................................... (nil) 2.1.5 Fiera Capital Corporation ............................... 7934 13.4 Trade Repositories ........................................ (nil) 2.1.6 Fiera Capital Corporation ............................... 7936 2.2 Orders............................................................ 7938 Chapter 25 Other Information ................................. 8043 2.2.1 Poplar Creek Resources Inc. – s. 144 ............ 7938 25.1 Consents ...................................................... 8043 2.2.2 Majd Kitmitto et al. .......................................... 7940 25.1.1 TheScore, Inc. – s. 4(b) of Ont. Reg. 289/00 2.2.3 Natural Bee Works Apiaries Inc. et al. – ss. under the OBCA ............................................ 8043 127(1), 127.1 .................................................. 7941 2.2.4 Avalon Works Corp. – s. 144 .......................... 7943 Index ............................................................................ 8045 2.2.5 Critical Control Energy Services Corp. ........... 7946 2.2.6 DMG Blockchain Solutions Inc. ...................... 7950 2.2.7 Halio Energy Inc. ............................................ 7952 2.2.8 Canada Cannabis Corporation et al. – ss. 127, 127.1 ...................................................... 7953 2.2.9 eCobalt Solutions Inc. .................................... 7954 2.2.10 Aguia Resources Limited – s. 1(11)(b) ........... 7956 October 3, 2019 (2019), 42 OSCB Chapter 1 Notices 1.1 Notices 1.1.1 CSA Notice and Request for Comment – Proposed Amendments to National Instrument 52-108 Auditor Oversight and Proposed Changes to Companion Policy 52-108 Auditor Oversight CSA Notice and Request for Comment Proposed Amendments to National Instrument 52-108 Auditor Oversight and Proposed Changes to Companion Policy 52-108 Auditor Oversight October 3, 2019 Introduction The Canadian Securities Administrators (the CSA or we) are publishing for a 90-day comment period the following materials: Proposed Amendments to National Instrument 52-108 Auditor Oversight (the Proposed Amendments); Proposed Changes to Companion Policy 52-108 Auditor Oversight (the Proposed CP Changes); (collectively, the Proposed Revisions). The Proposed Amendments require actions by reporting issuers and participating audit firms that will assist the Canadian Public Accountability Board (CPAB) in accessing audit working papers of component auditors, particularly in certain foreign jurisdictions. The Proposed CP Changes provide guidance on how we will interpret and apply the Proposed Amendments. The text of the Proposed Revisions is contained in Annexes A and B of this Notice. Local amendments, if any, are in Annex C of this Notice. This Notice will also be available on the websites of CSA