SHARE & A WARRANT!! I'M IN!!!
HEY LTS!!
May 15, 2014 for P&L, MD&A.
THAT IS THE NEXT LEGAL DEADLINE UNDER BCSC RULES!!!! NOT A DEADLINE FOR OR FROM ME. YOU AND YOUR FRIENDS JUST CAN'T BE THAT IGNORANT....OR MAYBE SO....JUST POSTED IT AS A FACTUAL MATTER FOR THOSE INTERESTED. SORRY IT WAS OVER ALL OF YOUR HEADS.
Yes, a share at current price and a warrant also for down the road...who would not take that...better than even the last PP offering. Oh wait! None of you participated anyway in that.
Thanks for posting VB! My check is already cut!!!
Key conditions according to the CSA:
- the issuer must have a class of equity securities listed on the TSXV, TSX or CSE;
- the offering can consist only of a class of equity securities listed on the TSXV, TSX, or CSE, or units consisting of the listed security and a warrant to acquire the listed security;
- the issuer must make the offering available to all existing security holders that hold the same type of listed security;
- unless the investor has obtained suitability advice from a registered investment dealer, the investor can only invest a maximum of $15,000 per issuer under the exemption in a 12-month period;
- the issuer must have filed all timely and periodic disclosure documents as required under applicable securities laws;
- the issuer must issue a news release disclosing the proposed offering, including details of the use of proceeds;
- each investor must confirm in writing to the issuer that, as at the record date, they held the type of listed security offered under the exemption;
- an investor must be provided with certain rights of action in the event of a misrepresentation in the issuer’s continuous disclosure record; and although an offering document is not required, if an issuer voluntarily provides one, the issuer must file the offering document with the securities regulatory authority and an investor will have certain rights of action in the event of a misrepresentation in it.
