U.S. Markets open in 8 hrs 53 mins

Golden Credit Card Trust Announces it has Applied to Cease to be a Reporting Issuer in Canada

TORONTO , March 30, 2017 /CNW/ - Golden Credit Card Trust (the "Trust") announced today that it has applied to the Ontario Securities Commission (the "OSC"), as principal regulator, for a decision that it has ceased to be a reporting issuer in all jurisdictions of Canada .

As of today's date, the Trust has twelve series of debt securities ("Notes") outstanding (details of which are provided in Schedule "A"), all of which were offered on a private placement basis to eligible investors, with eleven classes issued primarily in the United States and one class issued primarily in Canada . The Trust no longer has any Notes outstanding that were issued publicly in Canada .

If the requested decision is granted by the OSC, and the conditions in Multilateral Instrument 11-102 – Passport System have been satisfied, the Trust will cease to be a reporting issuer in Ontario and will be deemed to cease to be a reporting issuer in all other jurisdictions of Canada in which it is a reporting issuer ( British Columbia , Alberta , Saskatchewan , Manitoba , Quebec , New Brunswick , Nova Scotia , Prince Edward Island , Newfoundland and Labrador , the Northwest Territories , Nunavut and Yukon Territory ) and, as a result, will no longer be required to file financial statements and other continuous disclosure documents with any Canadian securities regulatory authority.


SOURCE Golden Credit Card Trust

To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/30/c6969.html