Citation: 2020 BCSECCOM 44
Cease Trade Order
Drone Services USA, Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Drone Services USA, Inc. (Drone) is a Nevada corporation with securities quoted on the OTC Pink tier of the OTC Markets platform under the ticker-symbol DSUS. Drone is an OTC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets since April 3, 2017 because its business has been directed or administered in or from British Columbia.
¶ 2 Drone has failed to file any of the records required under the Act and regulations as an OTC reporting issuer (the required records).
¶ 3 Under section 164(1) of the Act, the Executive Director orders that all persons cease trading in the securities of Drone until:
1. Drone files the required records completed in accordance with the Act and regulations, and
2. the Executive Director revokes this order.
¶ 4 February 5, 2020
Andrew Richardson
Andrew S. Richardson, CPA, CA
Chief of Compliance
Corporate Finance