Houston Natural Resources Corp (HNRC)

[ehihub]

Mad Monkey,

I received a reply from both the Canadian SEC, and the "CNSX" or CSE (thecse.com). Take your pick.

First, the SEC verified that the "common name" for the CSE is in fact CNSX. So some confusion, but the SEC VERIFIED that the CNSX or CSE is in fact an actual exchange.
The SEC had no specific knowledge of the 120 day "law." They said it must be an internal type restriction at the CNSX and to contact them.
So I did;
This is the reply:

There are different types of resale restrictions. Generally, securities distributed by an issuer in Canada pursuant to a prospectus exemption are subject to a 4 month hold period. You could look at National Instrument 45-102 for more information.

This is not legal advice, and you should get specific legal advice for your situation and the type of distribution being done.

Mark Faulkner
Vice President, Listings & Regulation
CSE | Canadian Securities Exchange
D [phone]
M [phone]

220 Bay Street, 9th Floor | Toronto | ON | Canada | M5J 2W4
www.thecse.com | @CSE_News

I have not researched the NI 45-102. I just got the reply.

Good luck to us all!!!

I'm holding LONG AND STRONG, WNTR!!!