Atacama Resources International Inc (ACRL)

[Tiresias]

From what I have found out this is the process.

File an application with Alberta. You have to state you have no ties to the company, not an insider and so on (you can see the statement on the published granting of the exemption).

Your broker has to be registered in the jurisdiction you reside in to have the order processed, which is a moot point because you have to use a Canadian broker in Canada anyway. You cannot have a US based account as a Canadian so that is pretty standard. I tried to open an account in Canada to trade oil and gas stocks but was told I could not open a Canadian account while residing in the United States so that seems to work both ways.

I was told there might be a cost but also that for individuals it is sometimes waived but one would have to find out and you are right that you might not be granted permission. If you look at the published order it states that by allowing that Montreal resident to sell that it would not be "contrary to the public interest" so I don't see how if you wanted to sell how that would fall into being "contrary" while another person is given permission to sell.

The biggest factor is time and with the pandemic it might take longer than usual so my point being if there is a chance you could be given permission to sell, why not take advantage and at least try so if the stock hits the price you want to sell at you can do so without having to wait another few weeks or months to do so. It looks like no matter where you live in Canada you have to apply to Alberta since they were the ones who put the cease trade on.