Borealis Exploration Ltd. a research and development company first incorporated in Canada in 1968, with shares publicly traded on the Prague Stock Exchange under the symbol BOREY. with the most recent quarterly filings on December 31, 2014. The redomiciled Gibraltar-based corporate family now describes itself a virtual business. Borealis previously had an Industry Classification 1382 – Oil and gas exploration services, and owns subsidiaries dealing with materials and power transfer. Borealis Exploration has been under a cease trade order in Canada since September 13, 2001, for continuing failure to submit information required in an inquiry by the Ontario Securities Commission. The Alberta Securities Commission has been allowing variations on this cease trade order with exceptions being made for Canadian shareholders since the company's operations are located outside Canada, its head office is located in Gibraltar, and its securities are not listed on and do not trade on any exchange or market in Canada. Wikipedia