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webpence

05/20/11 4:20 PM

#100940 RE: webpence #100937

45-106CP Prospectus and Registration Exemptions [CP]
http://www.bcsc.bc.ca/uploadedFiles/securitieslaw/policy4/45-106CP%20Prospectus%20and%20registration%20exemptions%20[CP].pdf

This is an unofficial consolidation of National Instrument 45-106 Prospectus and Registration
Exemptions reflecting amendments made effective January 1, 2011 in connection with Canada’s
changeover to IFRS. The amendments apply to an offering memorandum that includes financial
statements for periods relating to financial years beginning on or after January 1, 2011. This document is
for reference purposes only and is not an official statement of the law
http://www.bcsc.bc.ca/uploadedFiles/securitieslaw/policy4/post-IFRS_45-106[NI]-rev.pdf
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dmbao

05/20/11 5:25 PM

#100941 RE: webpence #100937

Still not sure I get if these are open marker buys or private placements? I wonder if this circumvented the BCSC trading halt that was part of the CTO?