In this decision, the Ontario Securities Commission granted
Anglo Pacific Group plc an exemption from the reporting
requirements in s. 2.2 of National Instrument 43-101 —
Standards of Disclosure for Mineral Projects, on
conditions. The exemption enabled Anglo Pacific to disclose to its
Canadian investors public disclosures made in foreign jurisdictions
in respect of certain material properties underlying its royalty
portfolio and options.
Anglo Pacific's business consists of, among other things,
passive royalty interests in mining projects and operations
(Royalty Portfolio), and options to acquire royalties and other
associated assets (Royalty Options). Anglo Pacific considered the
Royalty Portfolio and Royalty Options to be material to its
business, and considered several mines as mineral projects on
properties material to it. However, as a royalty and/or option
holder, Anglo Pacific had limited (or no) access