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. 887, s. 3 (1); O. Reg. 80/00, s. 1; O. Reg. 349/05, s. 1. (2) An individual who proposes to carry out a project of exploration in Ontario may apply for a designation of the project on a form to be provided by the Minister. R.R.O. 1990, Reg. 887, s. 3 (2). (3) Subject to subsection (4), the Minister may designate a project if, (a) the application is submitted before eligible exploration expenses are incurred on the project; (b) the applicant has the legal right to perform exploration on the land on which the project is to be carried out; (c) the applicant has provided evidence of having a sound knowledge of mineral prospecting technology obtained through experience or training; (d) the applicant is committing sufficient financial resources to ensure the completion of the project; (e) the applicant clearly specifies the method of carrying out the project and demonstrates that the method meets appropriate exploration standards; and (f) where the work consists of prospecting on Crown land, the applicant holds a valid Ontario Prospector’s Licence. R.R.O. 1990, Reg. 887, s. 3 (3). (4) A project is not eligible to be designated if the applicant is, (a) regularly entitled to receive proceeds from the output of a mine anywhere in the world, other than a royalty; or (b) an associate of any person who is regularly entitled to receive proceeds from the output of a mine anywhere in the world, other than a royalty. R.R.O. 1990, Reg. 887, s. 3 (4). (5) Subject to subsection (6), only one application for designation may be submitted for each proposed project. R.R.O. 1990, Reg. 887, s. 3 (5). (6) Two or more individuals may apply for separate designations of a proposed project if, (a) the work consists of prospecting on Crown land; or (b) the work consists of prospecting on land in respect of which they are the co-holders of the mining claims or the co-owners of the mining rights. R.R.O. 1990, Reg. 887, s. 3 (6). (7) A proposed project may consist of work to be carried out in more than one geographical area. R.R.O. 1990, Reg. 887, s. 3 (7). (8) A designation under subsection (3) expires on the date specified therein. R.R.O. 1990, Reg. 887, s. 3 (8). (9) At the time a project is designated, the Minister may pay to the applicant an amount equal to one-half of the proposed eligible exploration expenses, up to the maximum determined under section 8. R.R.O. 1990, Reg. 887, s. 3 (9); O. Reg. 172/99, s. 1.