From the September 13th post by James Alan in the (Sid Lorraine) Toronto Magic Club Facebook group:
Apologies in advance for the length of this post, from the conversations we have been having, a number of you would like to read it! A few people have brought up concerns or questions regarding the changes being proposed for the club, and we want to address them.
Please feel free to comment below, or to reach out to any of us privately. We have also organized a Town Hall on Monday September 23rd to discuss the changes and so anyone who wants to come talk in person is welcome (and invited!) to do so. - https://www.facebook.com/events/436950640256041/
But to answer some of your questions.
We are the same club, The Sid Lorraine Hat & Rabbit Club, IBM Ring 17. We are still committed to providing our members with valuable magic experiences and opportunities; to help grow individually as magic enthusiasts and to leave magic as a whole better off than we found it. (And if you are one of those distinguished humans with an honorary lifetime membership, it is still here waiting for you.)