Regulatory - Legal
Status of British Columbia Securities Commission (BCSC) issues:
LOM Medical International Inc. (LOM) came under the control of a new Board of Directors in the last week of June, 2008. Private placement funding commitments were secured over the summer in 2008, conditional to the BCSC revoking the existing Cease Trade Order which the BCSC had imposed upon LOM in 2003.
Further to the conditional funding commitments an application was made to the BCSC for an Order revoking the Cease Trade Order. In late September 2008 the BCSC revoked the Cease Trade Order on the basis of an undertaking from LOM to the BCSC. LOM has fulfilled its obligations pursuant to the terms to its undertaking.