In your prior post you wrote, "The TSX Corporate Finance Manual is VERY Specific about these types of deals. Unfortunately RCC has not EVEN completed any substantive negotiations with a CPC Shell that require an announcment. So any TSX listing is MONTHS away ... if ever. jmo "
Hasn't this already been explained?
"... It is a FACTUAL CONCLUSION that it is possible to complete a Qualifying Transaction in 7 days from the date that the exchange "approves" the "Agreement in Principle" (which has been under review by the exchange), the PR is released, simultaneously, proper filings are made with Sedar, 7 days later the "Final Exchange Bulletin" is released, (with exchange approval)." http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41275201
and
"...The maximum allowable time for a CPC to complete a Qualifying Transaction once it has released an "Agreement in Principle" is 75 days. The minimum is 7 days. It is recommended that:
The Exchange recommends that a pre-filing conference, as contemplated by Policy 2.7 – Pre-Filing Conferences, be held by a CPC particularly where the Agreement In Principle or proposed Qualifying Transaction may involve unique or unusual circumstances.
In short: all your ducks are in a row. The CPC simultaneously releases the "Agreement in Principle" and files with SEDAR.
If shareholder approval is required, additional filings are made. IMO shareholder approval will not be required as Hess kept himself at "arm's lenght" by not being appointed to RCC's board.JMHO
Not compensated in any manner for research and/or posts. Information should be construed as information only for discussion purposes. Always conduct your own dd. Just my opinion
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