3. (1) In this section, “associate”, where used to indicate a relationship with any person, means, (a) a corporation of which the person beneficially owns, directly or indirectly, equity shares carrying more than 30 per cent of the voting rights attached to all outstanding equity shares of the corporation, (b) a partner of the person other than a joint venture partner with respect to a proposed project under this Regulation, (c) a trust or estate in which the person has a beneficial interest of more than 30 per cent or serves as trustee or in a similar capacity, (d) a parent, child, brother or sister of the person, (e) a person to whom the person is married or with whom the person is living in a conjugal relationship outside marriage, or (f) any other relative of the person or of a person mentioned in clause (e) who has the same home as the person; “equity share” means a share of any class of shares of a corporation carrying voting rights under all circumstances and a share of any class of shares carrying voting rights by reason of the occurrence of any contingency that is continuing; “person” means, (a) an individual, partnership or limited partnership, (b) an unincorporated association, syndicate or organization, (c) a trust, trustee, executor, administrator or other legal representative, or (d) a corporation. R.R.O, 1990, Reg. 886, s. 3 (1); O. Reg. 79/00, s. 1; O. Reg. 350/05, s. 1. (2) A person who proposes to carry out a project of grassroots exploration in Ontario, or advanced exploration or industrial mineral predevelopment in Southern Ontario, may apply for designation of the project on a form provided by the Minister. O. Reg. 100/94, s. 1. (3) Subject to subsection (4), the Minister may designate a project if the applicant has the right to perform grassroots exploration, advanced exploration or industrial minerals predevelopment on the land on which the project is to be carried out. O. Reg. 100/94, s. 1. (4) A project is not eligible to be designated if, (a) the Minister has set aside, in respect of other designated projects, an amount equal to the maximum grant level referred to in section 8 in anticipation of grants to, (i) the applicant, (ii) an affiliated corporation or associate of the applicant, or (iii) any combination of those referred to in subclauses (i) and (ii); (b) for grassroots exploration projects listed under clause 5 (1) (a), the applicant is entitled to, (i) regularly receive proceeds, other than a royalty, from the output of a mine or quarry in Ontario, or (ii) be an associate or an affiliated corporation that is entitled to regularly receive proceeds, other than a royalty, from the output of a mine or quarry in Ontario; or (c) for advanced exploration or industrial minerals predevelopment activities listed under clause 5 (1) (c), the applicant or an affiliated corporation or associate of the applicant was liable for taxes under the Mining Tax Act or recorded a profit greater than $500,000 in respect of the most recently completed taxation year preceding the application. O. Reg. 100/94, s. 1. (5) For the purposes of subsection (4), in determining whether one corporation is affiliated with another corporation, subsections 1 (2), (4), (5) and (6) of the Small Business Development Corporations Act apply, but with respect to subsection (5) (“control”) of that Act, “50 per cent” shall be read as “30 per cent”. R.R.O. 1990, Reg. 886, s. 3 (5). (6) A designation under subsection (3) expires on the date specified therein. R.R.O. 1990, Reg. 886, s. 3 (6).