Alberta Gazette — 15 October (i)
1015 i
Alberta — Gazette
THE ALBERTA GAZETTE,
PART I, OCTOBER 15, 1998
The Alberta Gazette
PART 1
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Vol. 94 EDMONTON, THURSDAY, OCTOBER 15, 1998 No. 19
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APPOINTMENTS
JUSTICE OF THE PEACE ACT
Change of Address of Justice of the Peace
Kooner, Carol from Edmonton to St. Albert
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RESIGNATIONS AND RETIREMENTS
JUSTICE OF THE PEACE ACT
Resignation of Justice of the Peace
September 4, 1998
Montgomery, Deborah Lee of Calgary
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ORDERS IN COUNCIL
MUNICIPAL GOVERNMENT ACT
O.C. 381/98
Approved and ordered:
H.A. "Bud" Olson
Lieutenant Governor.
Edmonton, September 16, 1998
The Lieutenant Governor in Council changes, effective November 1, 1998, the
name of the Municipal District of Cypress to Cypress County.
Ralph Klein, Chair.
________________________________________________________________________
MUNICIPAL GOVERNMENT ACT
O.C. 382/98
Approved and ordered:
H.A. "Bud" Olson
Lieutenant Governor.
Edmonton, September 16, 1998
The Lieutenant Governor in Council orders that
(
a) effective December 31, 1998, the land described in Appendix A and shown
on Appendix B is separated from The County of Forty Mile No. 8 and annexed
to the Town of Bow Island;
(
b) any taxes owing to The County of Forty Mile No. 8 on December 31, 1998
in respect of the annexed land are transferred to and become payable to the
Town of Bow Island together with any lawful penalties and costs levied in
respect of those taxes, and the Town of Bow Island upon collecting those
taxes, penalties or costs must pay them to The County of Forty Mile No. 8;
(
c) the assessor for the Town of Bow Island must assess, for the purpose of
taxation in 1999, the annexed land and assessable improvements to it.
Ralph Klein, Chair.
_______________
APPENDIX A
DETAILED DESCRIPTION OF THE LANDS SEPARATED FROM THE COUNTY OF FORTY MILE
NO. 8 AND ANNEXED TO THE TOWN OF BOW ISLAND
THE NORTHEAST QUARTER OF
SECTION ONE
(1) TOWNSHIP ELEVEN
(11) RANGE ELEVEN
(11) WEST OF THE FOURTH MERIDIAN EXCEPTING THEREOUT SUBDIVISION PLAN
9511017 AND ROAD PLAN 322216 H.Q.
APPENDIX B
A SKETCH SHOWING THE GENERAL LOCATION OF THE AREA ANNEXED
TO THE TOWN OF BOW ISLAND
GOVERNMENT NOTICES
COMMUNITY DEVELOPMENT
NOTICE OF INTENTION TO DESIGNATE REGISTERED HISTORIC RESOURCE
(Historical Resources Act)
File No. DES 2001
Notice is hereby given that sixty days from the date of service of this
Notice, the Minister of Community Development intends to make an Order that
the building known as the Montreal Street School, together with the land
legally described as plan 1491, block 29, lot 10, and municipally located
at 861-4 Street, Medicine Hat, Alberta
be designated a Registered Historic Resource under
section 15 of the
Historical Resources Act, R.S.A. 1980 c.H-8 as amended.
Dated September 15, 1998. Dr. W.J. Byrne, Assistant
Deputy Minister.
________________________________________________________________________
ENVIRONMENTAL PROTECTION
Alberta Fishery Regulations
Notice of Variation Order 29-98
Commercial Fishing Seasons
The close times and quotas set out in
Schedule 8 to the Alberta Fishery
Regulations in respect of the waters listed in the
Schedule to this Notice
have been varied by Variation Order 29-98 of the Director in accordance
with
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established
by the Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 29-98 commercial fishing is permitted in
accordance with the following schedule.
SCHEDULE
PART 1
Item - 1.
Column 1 Waters - In respect of:
(13) Calling Lake (72-22-W4)
Column 2 Gear - gill net not less than 127 mm mesh
Column 3 Open Time - 08:00 hours March 17, 1999 to 16:00 hours March 31,
Column 4 Species and Quota - 1) lake whitefish: 60,000 kg; 2) walleye: 375
kg; 3) yellow perch: 1,800 kg; 4) northern pike: 1,500 kg; 5) tullibee:
100,000 kg; 6) lake trout: 1 kg
Column 1 Waters -
(41) Helena Lake (66-11-W4)
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - 08:00 hours October 13, 1998 to 16:00 hours October
16, 1998
Column 4 Species and Quota - 1) lake whitefish: 20,000 kg; 2) walleye: 100
kg; 3) yellow perch: 1 kg; 4) northern pike: 400 kg; 5) tullibee: 1 kg; 6)
lake trout: 1 kg
Column 1 Waters -
(116) Touchwood Lake (67-10-W4)
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - 08:00 hours February 16, 1999 to 16:00 hours February
19, 1999
Column 4 Species and Quota - 1) lake whitefish: 15,000 kg; 2) walleye: 150
kg; 3) yellow perch: 200 kg; 4) northern pike: 210 kg; 5) tullibee: 5,000
kg; 6) lake trout: 100 kg
_______________
Notice of Variation Order 30-98
Commercial Fishing Seasons
The close times and quotas set out in
Schedule 8 to the Alberta Fishery
Regulations in respect of the waters listed in the
Schedule to this Notice
have been varied by Variation Order 30-98 of the Director in accordance
with
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established
by the Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 30-98 commercial fishing is permitted in
accordance with the following schedule.
SCHEDULE
PART 1
Item - 1.
Column 1 Waters - In respect of:
(25) Elinor Lake (64-11-W4)
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - A. In respect of Elinor Lake excluding the following
portions: (
a) that portion south of a line connecting the northeastern
point in L.S.D. 2-31-65-11-W4 to the northern point in L.S.D.
13-29-65-11-W4, north of a line connecting the eastern tip of the island in
L.S.D. 14-30-65-11-W4 to the eastern lake shore at the division between
L.S.D. 5-29-65-11-W4 and L.S.D. 6-29-65-11-W4, and east of a line
connecting the eastern tip of the island in L.S.D. 14-30-65-11-W4 to the
southern point in L.S.D. 3-31-65-11-W4 and that is less than 4.5 metres (15
feet) deep: 08:00 hours September 21, 1998 to 16:00 hours September 22,
1998. B. In respect of all other waters: Closed
Column 4 Species and Quota - 1) lake whitefish: 1,600 kg; 2) walleye: 200
kg; 3) yellow perch: 450 kg; 4) northern pike: 450 kg; 5) tullibee: 1 kg;
6) lake trout: 1 kg
_______________
Notice of Variation Order 31-98
Commercial Fishing Seasons
The close times and quotas set out in
Schedule 8 to the Alberta Fishery
Regulations in respect of the waters listed in the
Schedule to this Notice
have been varied by Variation Order 31-98 of the Director in accordance
with
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established
by the Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 31-98 commercial fishing is permitted in
accordance with the following schedule.
SCHEDULE
PART 1
Item - 1.
Column 1 Waters - In respect of:
(28.1) Fawcett Lake (73-26-W4) - excluding
that portion in 5,6,7,8-73-26-W4
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - A. In respect of Fawcett Lake excluding the following
portions: (
a) that portion north of a line drawn from the mouth of the
Fawcett River in NE 11-73-26-W4 to the southern point of the island in the
Narrows (12-73-26-W4) and west of the line drawn from the northern point of
the island to the southern point of land in NW 12-73-26-W4: September 22,
1998. B. In respect of all other waters: Closed
Column 4 Species and Quota - 1) lake whitefish: 1,600 kg; 2) walleye: 200
kg; 3) yellow perch: 450 kg; 4) northern pike: 450 kg; 5) tullibee: 1 kg;
6) lake trout: 1 kg
Column 1 Waters -
(40.1) Heart Lake (70-10-W4) - excluding that portion
northeast of a line drawn from the point of land in 7-8-70-10-W4 to the
point of land in 15-33-69-10-W4
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - Closed.
Column 4 Species and Quota - 1) lake whitefish: 9,050 kg; 2) walleye: 1,350
kg; 3) yellow perch: 1 kg; 4) northern pike: 4,550 kg; 5) tullibee: 2,700
kg; 6) lake trout: 1 kg
_______________
Notice of Variation Order 32-98
Commercial Fishing Seasons
The close times and quotas set out in
Schedule 8 to the Alberta Fishery
Regulations in respect of the waters listed in the
Schedule to this Notice
have been varied by Variation Order 32-98 of the Director in accordance
with
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established
by the Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 32-98 commercial fishing is permitted in
accordance with the following schedule.
SCHEDULE
PART 1
Item - 1
Column 1 Waters -
(55) Lesser Slave Lake (74-11-W5)
a) In respect of the south shore of Lesser Slave Lake
i)- that portion which is less that 4.6 m (15 feet) deep and which is
south of a line drawn from the right downstream bank of the mouth of Sucker
Creek in 22-74-14-W5 to the point of land in 26-74-14-W5 known as Little
Grassy Point;
ii)- that portion which is less than 4.6 m (15 feet) deep and which
is south of a line drawn from the right downstream bank of Mission Creek in
8-74-13-W5 to the tip of Big Grassy Point in 16-74-12-W5 and;
iii) - that portion which is less than 4.6 m (15 feet) deep and which
is south of a line drawn from the point of land in SE 29-73-1-W5 to the
boat launch at Spruce Point Park in 9-74-10-W5:
Column 3 Open Time - 08:00 hours September 28, 1998 to 16:00 hours October
17, 1998
Column 4 Species and Quota - 1) lake whitefish: 180,000 kg; 2) walleye:
5,000 kg; 3) yellow perch: 1,000 kg; 4) northern pike: 50,000 kg; 5)
tullibee: 5,000 kg; 6) lake trout: 1 kg
Column 1 Waters: (
b) In respect of all other waters
Column 2 Gear - gill net
Column 3 Open Time - closed.
Column 4 Species and Quota - 1) lake whitefish: 1 kg; 2) walleye: 1 kg; 3)
yellow perch: 1 kg; 4) northern pike: 1 kg; 5) tullibee: 1 kg; 6) lake
trout: 1 kg
_______________
Notice of Variation Order 33-98
Commercial Fishing Seasons
The close times and quotas set out in
Schedule 8 to the Alberta Fishery
Regulations in respect of the waters listed in the
Schedule to this Notice
have been varied by Variation Order 33-98 of the Director in accordance
with
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established
by the Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 33-98 commercial fishing is permitted in
accordance with the following schedule.
SCHEDULE
PART 1
Item - 1.
Column 1 Waters - In respect of:
(86) Rattlesnake Lake (12-8-W4) -
excluding the following portions:
i) that portion north and west of a line drawn from a point of land in
L.S.D. 8-12-12-9-W4 to a point of land in L.S.D. 6-9-12-8-W4; and
ii) that portion east of a line drawn from a point of land in L.S.D.
15-4-12-8-W4 to L.S.D. 16-4-12-8-W4 and a point of land in L.S.D.
8-4-12-8-W4 to another point of land within the same L.S.D. of 8-4-12-8-W4
Column 2 Gear - gill net not less than 140 mm mesh
Column 3 Open Time - 08:00 hours October 13, 1998 to 16:00 hours October
16, 1998
Column 4 Species and Quota - 1) lake whitefish: 9,090 kg; 2) walleye: 225
kg; 3) yellow perch: 1 kg; 4) northern pike: 450 kg; 5) tullibee: 1 kg; 6)
lake trout: 1 kg
Column 1 Waters -
b) In respect of all other waters
Column 2 Gear - gill net
Column 3 Open Time - Closed
Column 4 Species and Quota - 1) lake whitefish: 1 kg; 2) walleye: 1 kg; 3)
yellow perch: 1 kg; 4) northern pike: 1 kg; 5) tullibee: 1 kg; 6) lake
trout: 1 kg
________________________________________________________________________
JUSTICE
OFFICE OF THE PUBLIC TRUSTEE
UNCLAIMED BALANCES
For the period July 1, 1998 to August 31, 1998
(Public Trustee Act)
Amount Date
Beneficiary Name Remitted Remitted Estate Name
Aisaican, Jason Howard
missing person $236.83 7/16/98 Aisaican, Jason Howard
Archibald, John Smith $4086.17 7/23/98 Archibald, John Smith
Astill, Tanya missing person $153.85 7/16/98 Astill, Tanya
Auger, Albert missing person $861.72 7/16/98 Auger, Albert
Auger, Michael missing person $158.58 7/16/98 Auger, Michael
Bellerose, Edward missing person $186.45 7/16/98 Bellerose,
Edward
Berard, Mary Ann missing person $152.31 7/16/98 Berard, Mary
Ann
Bigstone, Gerard Peter
missing person $93.13 7/16/98 Bigstone, Gerard Peter
Brown, James missing person $204.63 7/16/98 Brown, James
Cardinal, Florence missing person $295.24 7/16/98 Cardinal,
Florence
Cardinal, Gerald missing person $756.61 7/16/98 Cardinal,
Gerald
Courte, Theresa missing person $252.76 7/16/98 Courte, Theresa
Courture, Shirley Ann
missing person $515.54 7/16/98 Courture, Shirley Ann
Craig, Alice missing beneficiary $1383.00 8/31/98 Allan, Ethel
Marguerite
Cryer, Helen missing person $428.88 7/16/98 Cryer, Helen
Dumont, Sharon missing person $9.04 7/16/98 Dumont, Sharon
Dyck, Melvin missing person $129.83 7/16/98 Dyck, Melvin
Ermineskin, Jean missing person $620.20 7/16/98 Ermineskin,
Jean
Ermineskin, Joyce missing person $200.81 7/16/98 Ermineskin,
Joyce
Feragen, Rockie missing person $111.57 7/16/98 Feragen, Rockie
Fernie, Charmaine missing person $213.51 7/16/98 Fernie,
Charmaine
Fisch, Laurie missing person $363.42 7/16/98 Fisch, Laurie
Galvin, Janet missing person $604.06 7/16/98 Galvin, Janet
Gambler, Dean missing person $169.57 7/16/98 Gambler, Dean
Gambler, Margaret missing person $73.41 7/16/98 Gambler,
Margaret
Garselius, Gunner missing person $291.51 7/16/98 Garselius,
Gunner
Gilbert, Gerald missing person $131.44 7/16/98 Gilbert, Gerald
Gunderson, Gilbert missing person $1019.48 7/16/98 Gunderson,
Gilbert
Hairybull, Eugene missing person $332.20 7/16/98 Hairybull,
Eugene
Happell, Gladyce
missing beneficiary $17844.93 8/31/98 Bjerke, Theodore
Holton, Lucy missing person $911.22 7/16/98 Holton, Lucy
Imbeau, Dale missing person $190.54 7/16/98 Imbeau, Dale
Iochelli, Catherina missing person $100.55 7/16/98 Iochelli,
Catherina
Johnson, Norman Claud
missing beneficiaries $4408.94 7/6/98 Johnson, Norman Claud
Karpinski, Kenneth Donald
missing person $162.94 7/16/98 Karpinski, Kenneth Donald
Kopp, Robert Rack missing person $227.40 8/13/98 Kopp, Robert
Rack
Lapping, Barry missing person $189.92 7/16/98 Lapping, Barry
Lee, Cheryl Ann missing person $241.11 7/16/98 Lee, Cheryl Ann
Lemaigre, Barry missing person $176.97 7/16/98 Lemaigre, Barry
Leverington, Colleen missing person $141.73 7/16/98 Leverington, Colleen
Little Backbone, Arnold
missing person $377.50 7/16/98 Little Backbone, Arnold
Lizotte, Nelson missing person $792.94 7/16/98 Lizotte, Nelson
Logan, Michael J missing person $137.79 7/16/98 Logan, Michael
Loroff, Roxanne missing person $201.17 7/16/98 Loroff, Roxanne
Miller, Shirley missing beneficiary $17400.69 8/31/98 Bjerke,
Theodore
Morris, Talmadge
missing beneficiary $1383.00 8/31/98 Allan, Ethel Marguerite
Ostrovsky, Helen
missing beneficiary $313.18 8/31/98 Shuster, Clarence
Pekats, Sylvia missing beneficiary $313.17 8/31/98 Shuster,
Clarence
Schertzer, Eleanor
missing beneficiary $313.18 8/31/98 Shuster, Clarence
Thiessen, Mrs. missing beneficiary $688.62 8/31/98 Allan, Ethel
Marguerite
MUNICIPAL AFFAIRS
The Registrar's Periodical, corporate registration, incorporation and other
notices of the Corporate Registry are listed at the end of this issue.
________________________________________________________________________
ALBERTA OPPORTUNITY COMPANY
LOAN AUTHORIZATIONS FOR THE MONTH OF AUGUST, 1998
(Alberta Opportunity Fund Act)
725718 Alberta Ltd. Falher. Fast food restaurant.
Majority Owners : Mona Kamaldean
Loan Authorized: 18,500.
Purpose: Renovations, Equipment, Working capital.
792353 Alberta Ltd. Brooks. Supplier of premises.
Majority Owners: Magic's Auto Parts Ltd. M & G Auto Service Ltd.
Loan Authorized: 227,000.
Purpose: Change of ownership.
Amyotte, M. Bonnyville. Sewing / Fabric store.
Majority Owners: Monique Marie Amyotte.
Loan Authorized: 19,000.
Purpose: Restructure debt, Working capital.
Bluebird Painting & Decorating Ltd. Grimshaw. Restaurant.
Majority Owners: Omar Ali Fayad.
Loan Authorized: 114,000.
Purpose: Construct new premises.
Broken Toy Autobody Ltd. High Level. Autobody repairs & painting.
Majority Owners: Leonard Pelletier, Sheryl Pelletier.
Loan Authorized: 165,000.
Purpose: Construct new premises.
Cochrane Theatre Inc. Cochrane. Movie theatre.
Majority Owners: Moir Stats Production Inc., Prairie Rose Dev. Inc., Hal
Wolf.
Loan Authorized: 950,000.
Purpose: Establish new business.
Commercial Woodcrafts Inc. St. Albert. Manufacturing of architectural
millwork.
Majority Owner: John Ikjaer, Sandor Bauernhuber.
Loan Authorized: 82,000.
Purpose: Working capital.
Dwayne Air Ltd. DeWinton. Helicopter services.
Majority Owners: Bernard Wayne Bell, Monika Renate Bell.
Loan Authorized: 50,000. loan. 50,000. guarantee.
Purpose: Working capital, Support operating line of credit.
L.A. Silk Flowers & Tropicals Ltd. Lethbridge. Flower and Card shop.
Majority Owners: Diana Reurink.
Loan Authorized: 20,000.
Purpose: Equipment, Leasehold improvements.
Longstaff, J. Sylvan Lake. Digital Photography.
Majority Owners: John Longstaff.
Loan Authorized: 40,000.
Purpose: Equipment.
MacSwain, S. Ponoka. Billiard Hall.
Majority Owners: Sharol Ann MacSwain.
Loan Authorized: 40,000.
Purpose: Restructure debt, Working capital.
Master Billiards Enterprises Ltd. Cold Lake. Billiard Hall / Restaurant /
Bar.
Majority Owners: Rex George Bailey.
Loan Authorized: 132,800.
Purpose: Purchase existing business.
Orbit Construction Services Ltd. Westlock. Installer of guardrails.
Majority Owners: Kevin Smith.
Loan Authorized: 153,000.
Purpose: Restructure debt, Equipment.
Rica's Daycare Ltd. Lethbridge. Convenience store & Gas bar.
Majority Owners: Lloyde Simmons, Wendy Simmons.
Loan Authorized: 42,500.
Purpose: Inventory.
Roy Land Holdings Corp. St. Albert. Supplier of premises.
Majority Owners: Daniel Roy, Dawne Roy.
Loan Authorized: 40,000.
Purpose: Construct premises.
Ruth E. White Professional Corporation. Lethbridge. Certified General
Accountant.
Majority Owners: Ruth E. White.
Loan Authorized: 20,000.
Purpose: Working capital.
________________________________________________________________________
SAFETY CODES COUNCIL
JOINT MUNICIPAL ACCREDITATION (REVISED)
(Safety Codes Act)
Pursuant to
section 23 of the Safety Codes Act, it is hereby ordered that
the municipalities listed in this order, having satisfied the terms and
conditions of the Safety Codes Council are authorized to administer the
Safety Codes Act within their jurisdiction for Fire, all parts of the
Alberta Fire Code, including investigations, excluding
part 4 requirements
for Tank Storage of Flammable and Combustible Liquids, excluding any or all
things, processes or activities owned by or under the care and control of
Corporations accredited by the Safety Codes Council
Town of Gibbons; Town of Morinville; Sturgeon County; Town of Bon Accord;
Town of Redwater; Town of Legal
Accreditation No. J000122, Order No. O00000372, November 24, 1995
________________________________________________________________________
MUNICIPAL ACCREDITATION
(Safety Codes Act)
Pursuant to
section 23 of the Alberta Safety Codes Act, it is hereby
ordered that
- Village of Carmangay, Accreditation No. M000425, Order No. O00001068,
October 1, 1998
authorized to administer the Alberta Safety Codes Act within their
jurisdiction for Building, all parts of the Alberta Building Code,
excluding any or all things, processes or activities owned by or under the
care and control of corporations accredited by the Safety Codes Council.
_______________
Pursuant to
section 23 of the Alberta Safety Codes Act, it is hereby
ordered that
- Village of Carmangay, Accreditation No. M000425, Order No. O00001069,
October 1, 1998
authorized to administer the Alberta Safety Codes Act within their
jurisdiction for Electrical, excluding any or all things, processes or
activities owned by or under the care and control of corporations
accredited by the Safety Codes Council.
_______________
Pursuant to
section 23 of the Alberta Safety Codes Act, it is hereby
ordered that
- Village of Carmangay, Accreditation No. M000425, Order No. O00001070,
October 1, 1998
authorized to administer the Alberta Safety Codes Act within their
jurisdiction for Gas, all parts of the Canadian Gas Association, Propane
and Natural Gas Codes, Alberta Amendments and Regulations, excluding
Propane and Natural Gas Highway Vehicle Conversions, excluding any or all
things, processes or activities owned by or under the care and control of
corporations accredited by the Safety Codes Council.
_______________
Pursuant to
section 23 of the Alberta Safety Codes Act, it is hereby
ordered that
- Village of Carmangay, Accreditation No. M000425, Order No. O00001071,
October 1, 1998
authorized to administer the Alberta Safety Codes Act within their
jurisdiction for Plumbing, all parts of the Canadian Plumbing Code, Alberta
Amendments and Regulations, including Private Sewage Treatment and Disposal
Systems, excluding any or all things, processes or activities owned by or
under the care and control of corporations accredited by the Safety Codes
Council.
________________________________________________________________________
ALBERTA SECURITIES COMMISSION
NATIONAL INSTRUMENT 71-101
THE MULTIJURISDICTIONAL DISCLOSURE SYSTEM
TABLE OF CONTENTS
PART TITLE
PART 1
DEFINITIONS
1.1
Definitions
PART 2 GENERAL
2.1 Timing of Filing
2.2 Successor Issuers
2.3 Successor Issuer
Interpretation
PART 3 MJDS PROSPECTUS DISTRIBUTIONS OF SECURITIES OF U.S. ISSUERS
3.1 General Eligibility Criteria
3.2 Alternative Eligibility Criteria for Certain Guaranteed
Issues
3.3 Limitation on Distribution of Derivative Securities
3.4 Preliminary MJDS Prospectus and MJDS Prospectus
PART 4 FORM AND CONTENT OF MJDS PROSPECTUS
4.1 Distributions in Canada and the U.S.
4.2 Distributions only in Canada
4.3 Additional Legends and Disclosure
4.4 Incorporation by Reference
4.5 Statements Modified or Superseded
4.6 Reconciliation of Financial Statements
4.7 General Certification Requirements
4.8 Certificate Requirement for Rule 415 Offerings
4.9 Certificate Requirement for Rule 430A Offerings
4.10 Certificates for Rule 430A Pricing Prospectus
4.11 Signing of Certificates by Agent
PART 5 FILING PROCEDURES
5.1 Specification of Principal Jurisdiction
5.2 Alternate Principal Jurisdiction
5.3 SEC Review
PART 6 FILING DOCUMENTS
6.1 Principal Jurisdiction
6.2 Canada-U.S. Offering
6.3 Non-Principal Jurisdictions
6.4 Certificate Regarding Eligibility Criteria
6.5 Consents
6.6 Further Consents
6.7 Form of Consent
6.8 Reports on Property
6.9 Appointment of Agent for Service
6.10 Powers of Attorney
6.11 Notification of Effectiveness
6.12 Exhibits to Registration Statement
6.13 Rule 415 Offerings
6.14 French Language Documentation Not Required
PART 7 AMENDMENT AND SUPPLEMENT PROCEDURES
7.1 Form of Amendment or Supplement
7.2 Modification or Amendment
7.3 Post-Effective Amendment
7.4 Amendment to Additional Disclosure
7.5 Filing of Rule 415 Prospectus Supplement
7.6 Rule 415 Prospectus Supplement Not Filed
7.7 Filing of Rule 430A Pricing Prospectus
7.8 Incorporation by Reference of Pricing Information
7.9 Filing of Revised U.S. Prospectus or Prospectus
Supplement
PART 8 DISSEMINATION REQUIREMENTS
8.1 General
8.2 Prospectus Supplements
8.3 Rule 430A Pricing Prospectus
8.4 Documents Incorporated by Reference
8.5 Provision of Documents Incorporated by Reference
PART 9 REGISTRATION REQUIREMENTS
9.1 Rights offerings
PART 10 CONFLICTS OF INTEREST
10.1 Distributions of a Registrant, Connected Issuer or a
Related Issuer
PART 11 GENERAL
11.1 Representations as to Listing
11.2 Solicitations of Expressions of Interest
11.3 Other Prospectus Requirements
PART 12 BIDS FOR SECURITIES OF U.S. ISSUERS
12.1 General Eligibility Criteria
12.2 MJDS Take-Over Bid Circular and MJDS Issuer Bid Circular
12.3 Securities Exchange Bids
12.4 Compliance with U.S. tender offer requirements
12.5 Form and Content of Bid Documents
12.6 Incorporation by Reference
12.7 Statements Modified or Superseded
12.8 Reconciliation of Financial Statements
12.9 Certificates
12.10 Bid Circular Filing Procedures
12.11 Notification to Offeree Issuer
12.12 French Language Documentation Not Required
12.13 MJDS Directors' Circulars and MJDS Director's or
Officer's Circulars
12.14 Securities Exchange Bids
12.15 Notices of Variation and Notices of Change
12.16 Dissemination Requirements
PART 13 BUSINESS COMBINATIONS
13.1 Eligibility Criteria
13.2 Form and Content of Disclosure Documents and Procedures
PART 14 MATERIAL CHANGE REPORTING
14.1 News Release
14.2 Material Change Reports
PART 15 FINANCIAL STATEMENTS, ANNUAL INFORMATION FORMS AND
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
15.1 Financial Statements
15.2 Annual Reports, Annual Information Forms and Management's
Discussion and Analysis
PART 16 PROXIES AND PROXY SOLICITATION
16.1 Proxy Solicitation by a U.S. Issuer
16.2 Proxy Solicitation by Another Person or Company
16.3 Determination of Eligibility
PART 17 INSIDER REPORTING
17.1 Insider Reporting
PART 18 COMMUNICATION WITH BENEFICIAL OWNERS OF SECURITIES OF A
REPORTING ISSUER
18.1 Communication with Beneficial Owners of Securities of a
Reporting Issuer
PART 19 TRUST INDENTURE REQUIREMENTS
19.1 Trust Indenture Requirements
PART 20 FINANCIAL DISCLOSURE
20.1 Financial Disclosure
PART 21 EXEMPTIONS
21.1 Exemption
21.2 Evidence of Exemption
PART 22 EFFECTIVE DATE
22.1 Effective Date
APPENDIX A
METHOD 1 FOR PROSPECTUS CERTIFICATES FOR RULE 415 OFFERINGS
APPENDIX B
METHOD 2 FOR PROSPECTUS CERTIFICATES FOR RULE 415 OFFERINGS
FORM 71-101F1
FORMS OF SUBMISSION TO JURISDICTION AND APPOINTMENT OF
AGENT FOR SERVICE OF PROCESS
1. MJDS Prospectus Distribution of Securities
2. Take-over or Issuer Bid
3. Trust Indenture
NATIONAL INSTRUMENT 71-101
THE MULTIJURISDICTIONAL DISCLOSURE SYSTEM
PART 1
DEFINITIONS
1.1
Definitions
In this Instrument
"acting jointly or in concert" has the same
interpretation as in
securities legislation;
"affiliated party", for an issuer, means a person or company that
directly, or indirectly through one or more intermediaries, controls or is
controlled by, or is under common control with, the issuer;
"bid" means a take-over bid or an issuer bid;
"bid circular" means a take-over bid circular or an issuer bid
circular as those terms are used in securities legislation;
"business combination" means a statutory merger or consolidation or
similar plan or acquisition requiring the vote or consent of
securityholders of a person or company, in which securities of the person
or company or another person or company held by the securityholders will
become or be exchanged for securities of any other person or company;
"commodity pool issuer" means an issuer formed and operated for the
purpose of investing in commodity futures contracts, commodity futures,
related products, or a combination of them;
"connected issuer" has the meaning ascribed to the term "connected
issuer" or "connected party" in securities legislation;
"control", with respect to an issuer, means the possession, direct or
indirect, of the power to direct or cause the direction of the management
and policies of the issuer, whether through the ownership of voting
securities, by contract or otherwise, and "under common control with" has a
corresponding meaning;
"convertible", for debt or preferred shares, means that the rights
and attributes attaching to the securities include a right or option to
purchase, convert into, exchange for or otherwise acquire a security of the
issuer or of another issuer that is
(
a) an equity share,
(
b) a debt or a preferred share not having an investment grade
rating in the case of a debt or a preferred share having an investment
grade rating, or
(
c) another security that itself has a right or option to purchase,
convert into, exchange for or otherwise acquire a security of the issuer or
another issuer that is an equity share, or a debt or a preferred share not
having an investment grade rating in the case of a debt or a preferred
share having an investment grade rating;
"convert" has a corresponding meaning to the term "convertible";
"dealer registration requirement" means the requirement in securities
legislation that prohibits a person or company from trading in a security
unless the person or company is registered in the appropriate category of
registration under securities legislation;
"equity shares" means common shares, non-voting equity shares and
subordinate or restricted voting equity shares, but excludes preferred
shares;
"expertised statement" means part of a disclosure document required
to be filed for a distribution or bid made under this Instrument, a
document that is incorporated by reference in the disclosure document, or a
report used in or in connection with the disclosure document or any
document incorporated by reference in the disclosure document, that in each
case is purported to be made on the authority of an expert;
"foreign issuer" means an issuer that is not incorporated or
organized under the laws of Canada or a jurisdiction, unless
(
a) voting securities carrying more than 50 percent of the votes
for the election of directors are held by persons or companies whose last
address as shown on the books of the issuer is in Canada, and
(
b) any one or more of
(
i) the majority of the senior officers or directors of the
issuer are citizens or residents of Canada,
(ii) more than 50 percent of the assets of the issuer are
located in Canada, or
(iii) the business of the issuer is administered principally in
Canada;
"independent underwriter" means a person or company that underwrites
securities distributed by MJDS prospectus that is not the issuer and in
respect of which
(
a) if the person or company is a registrant, the issuer is
not a connected issuer or related issuer, or
(
b) if the person or company is not a registrant, would not
be a connected issuer or related issuer if the person or company was a
registrant;
"insider bid" has the meaning ascribed to that term in securities
legislation;
"insider reporting requirement" means the requirement in securities
legislation for an insider of a reporting issuer to file reports disclosing
the insider's direct or indirect beneficial ownership of, or control or
direction over, securities of the issuer;
"intermediary", for purposes of
section 18.1, means a registered
dealer or adviser, a bank or trust company, a participant in a clearing
agency, a trustee or administrator of a self-administered retirement
savings plan, retirement income fund, education savings plan, or other
similar self-administered savings or investment plan registered under the
ITA, or a nominee of any of those persons, that holds a security on behalf
of another person or company that is not the registered holder of the
security, unless excluded from the definition of "intermediary" by National
Policy Statement No. 41 or any successor instrument to that national policy
statement;
"investment grade rating" means a provisional rating by a rating
organization in one of its generic rating categories that signifies
investment grade;
"issuer tender offer statement" means an issuer tender offer
statement on
Schedule 13E-4 under
Section 13(e)(1) of the 1934 Act;
"issuer bid" has the meaning ascribed to that term in securities
legislation;
"majority-owned subsidiary" means a person or company of which voting
securities carrying more than 50 percent of the votes for the election of
directors are held by any one or more of
(
a) another person or company, and
(
b) the other majority-owned subsidiaries of that other person or
company;
"method 1" means the first of the two alternative methods of
providing prospectus certificates for rule 415 offerings made under this
Instrument set forth in Appendix A;
"method 2" means the second of the two alternative methods of
providing prospectus certificates for rule 415 offerings made under this
Instrument set forth in Appendix B;
"MJDS" means the multijurisdictional disclosure system established by
this Instrument;
"MJDS directors' circular" means, for a take-over bid for a class of
securities of a U.S. issuer made under this Instrument, a tender offer
solicitation/recommendation statement, amendments to that statement and all
other information and materials required or permitted to be disseminated to
holders of the securities by the offeree issuer or its board of directors
for a tender offer made for the securities under U.S. federal securities
law, that in each case complies with the form and content requirements of
subsection 12.4(2);
"MJDS director's or officer's circular" means, for a take-over bid
for a class of securities of a U.S. issuer made under this Instrument, a
tender offer solicitation/recommendation statement, amendments to that
statement and all other information and materials required or permitted to
be disseminated to holders of the securities by an individual director or
officer for a tender offer made for the securities under U.S. federal
securities law, that in each case complies with the form and content
requirements of subsection 12.4(2);
"MJDS issuer bid circular" means, for an issuer bid for a class of
securities of a U.S. issuer made under this Instrument, an issuer tender
offer statement, amendments to that statement and all other information and
materials required to be disseminated to holders of the securities by the
issuer for an issuer tender offer made for the securities under U.S.
federal securities law, that in each case complies with the form and
content requirements of subsection 12.4(1);
"MJDS prospectus" means, for a distribution of securities under this
Instrument other than under
section 12.3, a U.S. prospectus that contains
the additional information, legends and certificates required by, and
otherwise complies with the disclosure requirements of, this Instrument;
"MJDS take-over bid circular" means, for a take-over bid for a class
of securities of a U.S. issuer made under this Instrument, a tender offer
statement, amendments to that statement and all other information and
materials required to be disseminated to holders of the securities by the
offeror for a tender offer made for the securities under U.S. federal
securities law, that in each case complies with the form and content
requirements of subsection 12.4(1);
"MTN program" means a continuous rule 415 offering of debt in which
the specific variable terms of the individual securities and the offering
of the securities are determined at the time of sale;
"Nasdaq" means the Nasdaq Stock Market;
"NNM" means the Nasdaq National Market;
"non-convertible" means securities that are not convertible;
"offeree issuer" has the meaning ascribed to that term in securities
legislation;
"offeror" has the meaning ascribed to that term in securities
legislation;
"parent", for a majority-owned subsidiary, means a person or company
that, alone or together with any one or more of the person or company's
other majority-owned subsidiaries, holds voting securities of the
majority-owned subsidiary carrying more than 50 percent of the votes for
the election of directors;
"preliminary MJDS prospectus" means, for a distribution of securities
under this Instrument other than under
section 12.3, a preliminary form of
MJDS prospectus;
"principal jurisdiction" means the jurisdiction specified in
accordance with
section 5.1;
"principal market", for a class of securities, means the single
securities market with the largest aggregate trading volume for the class
of securities in the preceding 12 calendar month period;
"prospectus requirement" means the prohibition in securities
legislation from a person or company distributing a security unless a
preliminary prospectus and prospectus for the distribution have been filed
and receipts obtained for them;
"public float", for a class of securities, means
(
a) the aggregate market value of the securities held by persons or
companies that are not affiliated parties of the issuer of the securities,
calculated by using the price at which the securities were last sold in the
principal market for the securities on the date specified in the applicable
provision of this Instrument, or the average of the bid and asked prices of
the securities in the principal market on that date if there were no sales
on that date,
(
b) if there is no market for the class of securities, the book
value of the securities held by persons or companies that are not
affiliated parties of the issuer of the securities computed on that date,
and
(
c) if the issuer of the class of securities is in bankruptcy or
receivership or has an accumulated capital deficit, one-third of the
principal amount, par value or stated value of the securities held by
persons or companies that are not affiliated parties of the issuer of the
securities computed on that date;
"rating organization" means each of CBRS Inc., Dominion Bond Rating
Service Limited, Moody's Investors Service, Inc., Standard & Poor's
Corporation and any entity recognized by the SEC as a nationally recognized
statistical rating organization as that term is used in Rule
15c3-1(c)(2)(vi)(
F) under the 1934 Act;
"related issuer" has the meaning ascribed to the term "related
issuer" or "related party" in securities legislation;
"rule 415 offering" means a distribution under Rule 415 under the
1933 Act that is made under this Instrument;
"rule 415 prospectus supplement" means a form of prospectus
supplement prepared for a rule 415 offering;
"rule 430A offering" means a distribution under Rule 430A under the
1933 Act that is made under this Instrument;
"rule 430A pricing prospectus" means a MJDS prospectus prepared for a
rule 430A offering that contains the information omitted from the U.S.
prospectus included as part of the registration statement at the time of
effectiveness of the registration statement, as permitted by Rule 430A
under the 1933 Act;
"securities exchange bid" means a bid in which the consideration for
the securities of the offeree issuer consists, in whole or in part, of
securities of an offeror or other issuer;
"specified predecessor" means, for a successor issuer continuing
after a business combination, a predecessor to the successor issuer whose
assets and gross revenues in aggregate would contribute less than 20
percent of the total assets and gross revenues from continuing operations
of the successor issuer, based on a pro forma combination of each
predecessor's financial position and results of operations for its most
recently completed financial year ended before the business combination for
which financial statements have been filed;
"successor issuer" means an issuer subsisting as an issuer after a
business combination;
"take-over bid" has the meaning ascribed to that term in securities
legislation;
"tender offer solicitation/recommendation statement" means a
statement made under rule 14d-9 or 14e-2 under the 1934 Act;
"tender offer statement" means a tender offer statement on
Schedule
14D-1 under
section 14(
d) of the 1934 Act;
"U.S. federal securities law" means the federal statutes of the
United States of America concerning the regulation of securities markets
and trading in securities and the regulations, rules, forms and schedules
under those statutes;
"U.S. issuer" means a foreign issuer that is incorporated or
organized under the laws of the United States of America or any state or
territory of the United States of America or the District of Columbia;
"U.S. prospectus" means a prospectus that has been prepared in
accordance with the disclosure and other requirements of U.S. federal
securities law for an offering of securities registered under the 1933 Act,
or if the offering is not being made contemporaneously in the U.S., as if
the offering is being made on a registered basis in the United States of
America;
"voting securities" means securities the holders of which have a
present entitlement to vote for the election of directors;
"1934 Act filings" means all filings required to be made with the SEC
under sections 13, 14 and 15(
d) of the 1934 Act; and
"1940 Act" means the Investment Company Act of 1940 of the United
States of America.
PART 2 GENERAL
2.1 Timing of Filing - Unless otherwise provided in this Instrument,
documents that must be filed under this Instrument that are also filed
with the SEC shall be filed as nearly as practicable contemporaneously with
the filing with the
SEC.
2.2 Successor Issuers - A successor issuer satisfies the eligibility
criteria set forth in subparagraphs 3.1(a)(iii), 3.1(b)(ii) and (iii) and
paragraphs
12.3(1)(
c) and 13.1(1)(
c) if
(
a) since the business combination the successor issuer has made
all 1934 Act filings and, if applicable, has had a class of its securities
listed on the New York Stock Exchange or the American Stock Exchange or
quoted on NNM;
(
b) the successor issuer is in compliance with the obligations
arising from the listing or quotation referred to in paragraph (a), if
applicable; and
(
c) the filing, listing or quotation requirement to be satisfied
for a period of 12 or 36 months is satisfied for each predecessor, other
than a specified predecessor.
2.3 Successor Issuer
Interpretation - In determining if the filing,
listing or quotation requirement in paragraph 2.2(
c) is satisfied for a
period of 12 or 36 months for each predecessor, the period during which the
successor issuer satisfied the requirement shall be added to the
immediately preceding period during which the predecessor satisfied the
requirement.
PART 3 MJDS PROSPECTUS DISTRIBUTIONS OF SECURITIES OF U.S. ISSUERS
3.1 General Eligibility Criteria - Subject to
section 3.3, this
Instrument may be used to distribute
(
a) debt that has an investment grade rating or preferred shares
that have an investment grade rating, in each case at the time the
preliminary MJDS prospectus is filed in the principal jurisdiction, or
rights that, upon issuance, are immediately exercisable for any of these
securities, if
(
i) the issuer is a U.S. issuer,
(ii) the issuer
(
A) has a class of securities registered under
section
12(
b) or 12(
g) of the 1934 Act, or
(
B) is required to file reports under
section 15(
d) of
the 1934 Act,
(iii) the issuer has filed with the SEC all 1934 Act filings
for a period of 12 calendar months immediately before the filing of the
preliminary MJDS prospectus in the principal jurisdiction,
(iv) the issuer is not registered or required to be registered
as an investment company under the 1940 Act,
(
v) the issuer is not a commodity pool issuer, and
(vi) the securities being offered or issuable upon the
exercise of the rights either,
(
A) are non-convertible, or
(
B) if convertible, may not be converted for at least
one year after issuance, and the equity shares of the issuer of the
securities into which the offered securities are convertible have a public
float of not less than U.S. $75,000,000, determined as of a date within 60
days before the filing of the preliminary MJDS prospectus in the principal
jurisdiction;
(
b) rights to purchase additional securities of its own issue
issued by a U.S. issuer to its existing securityholders and the securities
issued upon the exercise of the rights, if
(
i) the issuer meets the eligibility criteria specified in
subparagraphs (a)(ii), (iv) and (v),
(ii) the issuer has filed with the SEC all 1934 Act filings
for a period of 36 calendar months immediately before the filing of the
preliminary MJDS prospectus in the principal jurisdiction,
(iii) the issuer has had a class of its securities listed on
the New York Stock Exchange or the American Stock Exchange or quoted on the
NNM for a period of at least 12 calendar months immediately before the
filing of the preliminary MJDS prospectus in the principal jurisdiction and
is in compliance with the obligations arising from the listing or
quotation,
(iv) the rights are exercisable immediately upon issuance,
(
v) subject to subparagraph (vi), the rights issued to
to residents of the United States of America, and
(vi) beneficial ownership of rights issued to a resident of
Canada are not transferable to a resident of Canada, other than residents
to whom rights of the same issue were granted, provided that,
(
A) the securities issuable upon exercise of the rights
may be so transferable, and
(
B) this limitation does not restrict the transfer of
rights on a securities exchange or inter-dealer quotation system outside of
Canada; or
(
c) any securities of a U.S. issuer if
(
i) the issuer meets the eligibility criteria specified in
subparagraphs (a)(ii) to (v), and
(ii) the equity shares of the issuer have a public float of
not less than U.S. $75,000,000, determined as of a date within 60 days
before the filing of the preliminary MJDS prospectus in the principal
jurisdiction.
3.2 Alternative Eligibility Criteria for Certain Guaranteed Issues -
Subject to
section 3.3, this Instrument may also be used to distribute
securities of an issuer, if
(
a) the securities distributed are
(
i) non-convertible debt having an investment grade rating,
or non-convertible preferred shares having an investment grade rating, of a
majority-owned subsidiary whose parent meets the eligibility criteria set
forth in subparagraphs 3.1(a)(
i) through (v),
(ii) convertible debt having an investment grade rating, or
convertible preferred shares having an investment grade rating, of a
majority-owned subsidiary that may not be converted for at least one year
after issuance and are convertible only into securities of a parent that
meets the eligibility requirements set forth in subparagraphs 3.1(a)(
i) through (
v) and sub-subparagraph 3.1(a)(vi)(B),
(iii) non-convertible debt, or non-convertible preferred
shares, of a majority-owned subsidiary whose parent meets the eligibility
requirements set forth in paragraph 3.1(c), or
(iv) convertible debt, or convertible preferred shares, of a
majority-owned subsidiary that are convertible only into securities of a
parent that meets the eligibility requirements set forth in paragraph
3.1(c);
(
b) the issuer meets the eligibility criteria set forth in
subparagraphs 3.1(a)(i), (iv) and (v); and
(
c) the parent fully and unconditionally guarantees payment in
respect of the securities being distributed, as to principal and interest
if the securities are debt, and as to liquidation preference, redemption
and dividends if the securities are preferred shares.
3.3 Limitation on Distribution of Derivative Securities
(1) No person or company shall file a prospectus for the
distribution of derivative securities under this Instrument.
(2) Despite subsection (1), warrants, options, rights or
convertible securities may be distributed under this Instrument if the
issuer of the underlying securities to which the warrants, options, rights
or convertible securities relate is eligible under this Instrument to
distribute the underlying securities.
3.4 Preliminary MJDS Prospectus and MJDS Prospectus
(1) A U.S. issuer shall file a preliminary MJDS prospectus and a
MJDS prospectus for a distribution of securities under this Instrument
other than under
section 12.3.
(2) A preliminary MJDS prospectus, an amendment to a preliminary
MJDS prospectus, a MJDS prospectus and an amendment to a MJDS prospectus is
a preliminary prospectus, an amendment to a preliminary prospectus, a
prospectus and an amendment to a prospectus, respectively, for the purposes
of securities legislation.
PART 4 FORM AND CONTENT OF MJDS PROSPECTUS
4.1 Distributions in Canada and the U.S. - Subject to
section 4.2, an
issuer of securities distributed under this Instrument shall file the
registration statement and amendments to the registration statement filed
for the offering with the SEC, together with the related preliminary MJDS
prospectus and MJDS prospectus and amendments and supplements to the
preliminary MJDS prospectus and MJDS prospectus.
4.2 Distributions only in Canada - If a distribution is being made only
in Canada, the issuer does not need to file a registration statement and
amendments to the registration statement, or other information required in
a registration statement but not required in the U.S. prospectus.
4.3 Additional Legends and Disclosure
(1) The following statements shall be printed
(
a) in red ink on the outside front cover page, or on a
sticker on that page, of each preliminary MJDS prospectus used for a
distribution under this Instrument
"This preliminary MJDS prospectus relating to the
securities described in it has been filed in [each of/certain of] the
[provinces/provinces and territories] of Canada but has not yet become
final for the purpose of a distribution. Information contained in this
preliminary MJDS prospectus may not be complete and may have to be amended.
The securities may not be distributed until a receipt is obtained for the
MJDS prospectus.";
(
b) on the outside or inside front cover page, or on a
sticker on that page, of each preliminary MJDS prospectus and MJDS
prospectus
(i) "This offering is being made by a U.S. issuer using
disclosure documents prepared in accordance with U.S. securities laws.
Purchasers should be aware that these requirements may differ from those of
[insert the names of the provinces and territories where qualified]. The
financial statements included or incorporated by reference in this
prospectus have not been prepared in accordance with Canadian generally
accepted accounting principles and may not be comparable to financial
statements of Canadian issuers."
(ii) "[All of] [Certain of] the directors and officers
of the issuer and [all of] [certain of] the experts named in this
prospectus reside outside of Canada. [[Substantially] [A]ll of the assets
of these persons and of the issuer may be located outside Canada.] The
issuer has appointed [name and address of agent for service] as its agent
for service of process in Canada, but it may not be possible for investors
to effect service of process within Canada upon the directors, officers and
experts referred to above. It may also not be possible to enforce against
the issuer, its directors and officers and [certain of] the experts named
in this prospectus judgments obtained in Canadian courts predicated upon
the civil liability provisions of applicable securities laws in Canada."
(iii) "This prospectus constitutes a public offering of
these securities only in those jurisdictions where they may be lawfully
offered for sale and in those jurisdictions only by persons permitted to
sell such securities. No securities commission or similar authority in
Canada or the United States of America has in any way passed upon the
merits of the securities offered by this prospectus and any representation
to the contrary is an offence."; and
(
c) in each preliminary MJDS prospectus and MJDS prospectus
"Securities legislation in [certain of the
provinces [and territories] of Canada] [the Province of... [insert name of
local jurisdiction, if applicable]] provides purchasers with the right to
withdraw from an agreement to purchase securities within two business days
after receipt or deemed receipt of a prospectus and any amendment. [In
several of the provinces [and territories], the] securities legislation
further provides a purchaser with remedies for rescission [or [, in some
jurisdictions,] damages] if the prospectus and any amendment contains a
misrepresentation or is not delivered to the purchaser, provided that such
remedies for rescission [or damages] are exercised by the purchaser within
the time limit prescribed by the securities legislation of the purchaser's
province [or territory]. The purchaser should refer to the applicable
provisions of the securities legislation of the purchaser's province [or
territory] for particulars of these rights or consult with a legal adviser.
Rights and remedies also may be available to purchasers under U.S. law;
purchasers may wish to consult with a U.S. legal adviser for particulars of
these rights."
(2) A preliminary MJDS prospectus, MJDS prospectus or amendment or
supplement to a preliminary MJDS prospectus or MJDS prospectus need not
contain any disclosure relevant solely to U.S. offerees or purchasers,
including
(
a) any "red herring" legend required by U.S. federal
securities law;
(
b) except as provided in paragraph (1)(b)(iii), any legend
regarding approval or disapproval by the SEC;
(
c) any discussion of U.S. tax considerations other than
those material to Canadian purchasers; and
(
d) the names of U.S. underwriters not acting as underwriters
in Canada or a description of the U.S. plan of distribution, except to the
extent necessary to describe facts material to the Canadian distribution.
4.4 Incorporation by Reference - Except as otherwise provided in this
Instrument, documents incorporated or deemed to be incorporated by
reference into a U.S. prospectus under U.S. federal securities law shall
be, and are deemed to be, incorporated by reference into a preliminary MJDS
prospectus or MJDS prospectus.
4.5 Statements Modified or Superseded
(1) A statement in a document incorporated or deemed to be
incorporated by reference into a MJDS prospectus shall be deemed to be
modified or superseded, for the purposes of the MJDS prospectus, to the
extent that a statement in the MJDS prospectus or in any other subsequently
filed document that also is or is deemed to be incorporated by reference
into the MJDS prospectus modifies or supersedes the statement.
(2) The modifying or superseding statement need not state that it
has modified or superseded a prior statement or include any other
information in the document that it modifies or supersedes.
(3) The making of a modifying or superseding statement shall not be
deemed an admission for any purpose that the modified or superseded
statement, when made, constituted a misrepresentation, an untrue statement
of material fact or an omission to state a material fact that is required
to be stated or that is necessary to make a statement not misleading in
light of the circumstances in which it was made.
(4) A statement so modified or superseded shall not be deemed in
its unmodified or superseded form to constitute part of the MJDS
prospectus.
(5) If documents are incorporated by reference into a preliminary
MJDS prospectus or MJDS prospectus, the
section in the preliminary MJDS
prospectus or MJDS prospectus that provides information about incorporation
by reference shall include a statement that information has been
incorporated by reference from documents filed with the Canadian securities
regulatory authority in each jurisdiction in which the distribution is
being made and shall state the name, address and telephone number of an
officer of the issuer from whom copies of the documents may be obtained on
request without charge.
4.6 Reconciliation of Financial Statements
(1) A preliminary MJDS prospectus and a MJDS prospectus used to
distribute securities eligible under paragraph 3.1(
c) shall include a
reconciliation of the financial statements required to be included or
incorporated by reference in the preliminary MJDS prospectus and MJDS
prospectus to Canadian GAAP in the notes to the financial statements or as
a supplement included or incorporated by reference in the preliminary MJDS
prospectus and MJDS prospectus.
(2) A reconciliation required to be included in the financial
statements under subsection (1) shall explain and quantify as a separate
reconciling item any significant differences between the principles applied
in the financial statements, including note disclosure, and Canadian GAAP
and, in the case of the reconciliation of the annual financial statements,
shall be covered by an auditor's report.
4.7 General Certification Requirements - Except as provided in sections
4.8 to 4.10, each preliminary MJDS prospectus and MJDS prospectus used for
a distribution under this Part shall contain
(
a) a certificate in the following form, signed by the chief
executive officer, the chief financial officer, and, on behalf of the board
of directors of the issuer, any two directors of the issuer, other than the
chief executive officer and the chief financial officer, any person or
company who is a promoter of the issuer and each person or company who is a
guarantor of the securities distributed under the MJDS prospectus
"The foregoing [insert, if applicable, ---", together
with the documents incorporated in this prospectus by reference,"]
constitutes full, true and plain disclosure of all material facts relating
to the securities offered by this prospectus as required by [insert
applicable references] [insert if offering made in Quebec ---" and does not
contain any misrepresentation likely to affect the value or the market
price of the securities to be distributed"]"; and
(
b) if there is an underwriter, a certificate in the following
form, signed by each underwriter who is in a contractual relationship with
the issuer or selling securityholder for the securities distributed under
the MJDS prospectus
"To the best of our knowledge, information and belief,
the foregoing [insert, if applicable, ---", together with the documents
incorporated in this prospectus by reference,"] constitutes full, true and
plain disclosure of all material facts relating to the securities offered
by this prospectus as required by [insert applicable references] [insert if
offering made in Quebec---"and does not contain any misrepresentation
likely to affect the value or the market price of the securities to be
distributed."]".
4.8 Certificate Requirement for Rule 415 Offerings - A preliminary MJDS
prospectus, an amendment to a preliminary MJDS prospectus, a MJDS
prospectus and an amendment to a MJDS prospectus filed for a rule 415
offering under this Part shall contain certificates prepared in accordance
with method 1 or method 2.
4.9 Certificate Requirement for Rule 430A Offerings - For a rule 430A
offering,
(
a) a preliminary MJDS prospectus, amendment to a preliminary MJDS
prospectus and a MJDS prospectus,
(
b) an amended MJDS prospectus filed to commence a new period for
filing a rule 430A pricing prospectus, and
(
c) an amendment to a MJDS prospectus filed for a rule 430A
offering before the information omitted from the MJDS prospectus has been
filed in either a rule 430A pricing prospectus or an amendment
shall contain
(
i) a certificate in the following form, signed by the chief
executive officer, the chief financial officer, and, on behalf of the board
of directors of the issuer, any two directors of the issuer, other than the
chief executive officer and chief financial officer, any person or company
who is a promoter of the issuer and each person or company who is a
guarantor of the securities to be distributed under the MJDS prospectus
"The foregoing, together with the documents
incorporated in this prospectus by reference as of the date of the
prospectus providing the information permitted to be omitted from this
prospectus, will constitute full, true and plain disclosure of all material
facts relating to the securities offered by this prospectus as required by
[insert applicable references] [insert if offering made in Quebec---"and
will not contain any misrepresentation likely to affect the value or the
market price of the securities to be distributed."]"; and
(ii) if there is an underwriter, a certificate in the
following form, signed by each underwriter who is in a contractual
relationship with the issuer or selling securityholder for the securities
distributed under the MJDS prospectus
"To the best of our knowledge, information and
belief, the foregoing, together with the documents incorporated in this
prospectus by reference, as of the date of the prospectus providing the
information permitted to be omitted from this prospectus, will constitute
full, true and plain disclosure of all material facts relating to the
securities offered by this prospectus as required by [insert applicable
references] [insert if offering made in Quebec---"and will not contain any
misrepresentation likely to affect the value or the market price of the
securities to be distributed".]".
4.10 Certificates for Rule 430A Pricing Prospectus - A rule 430A pricing
prospectus shall contain in place of the certificates referred to in
section 4.9
(
a) a certificate in the following form, signed by the chief
executive officer, the chief financial officer, and, on behalf of the board
of directors of the issuer, any two directors of the issuer, other than the
chief executive officer and chief financial officer, any person or company
who is a promoter of the issuer and each person or company who is a
guarantor of the securities distributed under the MJDS prospectus
"The foregoing [insert, if applicable---", together with
the documents incorporated in this prospectus by reference,"] constitutes
full, true and plain disclosure of all material facts relating to the
securities offered by this prospectus as required by [insert applicable
references] [insert if offering made in Quebec---"and does not contain any
misrepresentation likely to affect the value or the market price of the
securities to be distributed."]"; and
(
b) if there is an underwriter, a certificate in the following
form, signed by each underwriter who is in a contractual relationship with
the issuer or selling securityholder for securities distributed under the
MJDS prospectus
"To the best of our knowledge, information and belief,
the foregoing [insert, if applicable---", together with the documents
incorporated in this prospectus by reference,"] constitutes full, true and
plain disclosure of all material facts relating to the securities offered
by this prospectus as required by [insert applicable references] [insert if
offering also made in Quebec---"and does not contain any misrepresentation
likely to affect the value or the market price of the securities to be
distributed."]".
4.11 Signing of Certificates by Agent - Certificates contained in a
preliminary MJDS prospectus, MJDS prospectus, amendment to a preliminary
MJDS prospectus or MJDS prospectus, rule 415 prospectus supplement or rule
430A pricing prospectus shall be signed in accordance with securities
legislation provided that any or all of the persons or companies required
to sign a certificate may sign the certificate for a distribution made
under this Instrument by an agent duly authorized in writing.
PART 5 FILING PROCEDURES
5.1 Specification of Principal Jurisdiction - At the time of filing a
preliminary MJDS prospectus, the issuer shall send written notice to the
securities regulatory authority and, unless the distribution is being made
in Canada only, to the SEC, stating that the distribution is being made
under the MJDS and specifying the principal jurisdiction.
5.2 Alternate Principal Jurisdiction - If the securities regulatory
authority in the jurisdiction specified in the notice sent under
section
5.1 advises the issuer that it is not prepared to act as principal
jurisdiction, the issuer shall specify another jurisdiction that is
prepared to act as principal jurisdiction and notify the security
regulatory authority in each jurisdiction in which the preliminary MJDS
prospectus was filed and the
SEC.
5.3 SEC Review - If the SEC notifies an issuer that a filing made under
the MJDS has been selected for review, the issuer shall notify the
securities regulatory authority in the principal jurisdiction.
PART 6 FILING DOCUMENTS
6.1 Principal Jurisdiction - The issuer shall file in the principal
jurisdiction
(
a) the preliminary MJDS prospectus, the MJDS prospectus, each
amendment and supplement to the preliminary MJDS prospectus and MJDS
prospectus, the rule 430A pricing prospectus and each rule 415 prospectus
supplement used in Canada,
(
b) all documents incorporated or deemed to be incorporated by
reference in the MJDS prospectus, and
(
c) all other documents required by this Instrument.
6.2 Canada-U.S. Offering - If the distribution is being made in Canada
and the United States of America, the issuer shall also file in the
principal jurisdiction one unsigned copy of the registration statement and
all amendments and exhibits to the registration statement in addition to
the documents specified in
section 6.1.
6.3 Non-Principal Jurisdictions - In the jurisdictions other than the
principal jurisdiction, the issuer shall file
(
a) the preliminary MJDS prospectus, the MJDS prospectus, each
amendment and supplement to the preliminary MJDS prospectus and MJDS
prospectus, the rule 430A pricing prospectus and, subject to
section 7.6,
each rule 415 prospectus supplement used in Canada,
(
b) all documents incorporated or deemed to be incorporated by
reference in the MJDS prospectus, and
(
c) all other documents required by this Instrument.
6.4 Certificate Regarding Eligibility Criteria - At the time of filing a
preliminary MJDS prospectus, an issuer shall file a certificate, signed on
its behalf by a senior officer of the issuer, confirming that the issuer
satisfies the applicable eligibility criteria.
6.5 Consents
(1) The issuer shall file the written consent of an attorney,
auditor, accountant, engineer, appraiser or any other person or company
named as having prepared or certified any expertised statement as follows:
(
a) if the expertised statement is in the preliminary MJDS
prospectus, an amendment to the preliminary MJDS prospectus, the MJDS
prospectus or a document incorporated by reference into the MJDS prospectus
that was filed before the filing of the MJDS prospectus, the consent shall
be filed at the time of filing the MJDS prospectus; and
(
b) if the expertised statement is in an amendment to the
MJDS prospectus, a rule 415 prospectus supplement, a rule 430A pricing
prospectus, or a document incorporated by reference into a MJDS prospectus
that was filed after the filing of the MJDS prospectus, the consent shall
be filed at the time of filing the amendment, the rule 415 prospectus
supplement, the rule 430A pricing prospectus or the document.
(2) Despite subsection (1), the filing requirements in paragraphs
(1)(
a) and (
b) do not apply to the consent of a rating organization that
issues a rating or provisional rating that is used in or in connection with
a preliminary MJDS prospectus, an amendment to a preliminary MJDS
prospectus, a MJDS prospectus, an amendment to a MJDS prospectus, a rule
415 prospectus supplement or a rule 430A pricing prospectus.
6.6 Further Consents - If a change to the MJDS prospectus is material to
the consent filed under subsection 6.5(1), the issuer shall file a further
consent contemporaneously with the filing of the change to the MJDS
prospectus.
6.7 Form of Consent - The consent referred to in sections 6.5 and 6.6
shall be prepared in accordance with securities legislation.
6.8 Reports on Property - An issuer satisfies the requirement of
securities legislation to file a report on the property of a natural
resource company if it files a report prepared in accordance with U.S.
federal securities law if a report is required to be filed with the
SEC.
6.9 Appointment of Agent for Service - At the time of filing of the MJDS
prospectus, the issuer shall file a duly executed submission to
jurisdiction and appointment of agent for service of process in the
required form.
6.10 Powers of Attorney - If a person or company signs a certificate by an
agent under
section 4.11, the issuer shall file a duly executed copy of the
document authorizing the agent to sign the certificate not later than the
time of filing the document in which the certificate is included.
6.11 Notification of Effectiveness - If the securities distributed under
this Instrument are also offered or sold in the United States of America,
the issuer whose securities are being distributed under this Instrument
shall notify in writing the principal jurisdiction once the related
registration statement filed with the SEC has become effective.
6.12 Exhibits to Registration Statement - An issuer shall file any
exhibits to a registration statement requested by the securities regulatory
authority in a non-principal jurisdiction.
6.13 Rule 415 Offerings - A commercial copy of each MJDS prospectus and
rule 415 prospectus supplement need not be refiled if it is used, without
change, in distributions of additional tranches of securities.
6.14 French Language Documentation Not Required - A preliminary MJDS
prospectus and a MJDS prospectus in the French language need not be filed
in Quebec for an offering of rights eligible to be made under paragraph
3.1(b), unless
(
a) the issuer is a reporting issuer in Quebec other than solely as
a result of one or more rights offerings made under paragraph 3.1(b); or
(b) 20 percent or more of the class of securities in respect of
which the rights are issued is held by persons or companies whose last
address as shown on the books of the issuer is in Canada.
PART 7 AMENDMENT AND SUPPLEMENT PROCEDURES
7.1 Form of Amendment or Supplement
(1) An issuer shall amend or supplement disclosure documents filed
under this Instrument in accordance with U.S. federal securities law.
(2) The amending or supplementing document shall contain the
legends and certificates required by this Instrument.
7.2 Modification or Amendment
(1) If a registration statement is amended in a manner that
modifies the related U.S. prospectus, an issuer shall file the documents
containing the modification.
(2) If the receipt for the MJDS prospectus has not been issued and
the filing has been made as a result of the occurrence of an adverse
material change since the filing of the preliminary MJDS prospectus or an
amendment to the preliminary MJDS prospectus, an issuer shall file the
documents as an amendment to the preliminary MJDS prospectus.
7.3 Post-Effective Amendment - If a modification is made to a U.S.
prospectus by filing with the SEC a post-effective amendment to the
registration statement, an issuer shall file an amendment to the MJDS
prospectus.
7.4 Amendment to Additional Disclosure - An issuer shall file an
amendment in the event of an adverse material change in the additional
disclosure contained only in the preliminary MJDS prospectus or a material
change in the additional disclosure contained only in the MJDS prospectus.
7.5 Filing of Rule 415 Prospectus Supplement
(1) An issuer shall file a rule 415 prospectus supplement.
(2) A rule 415 prospectus supplement filed under subsection
(1) shall be deemed to be incorporated into the MJDS prospectus as of the date
of filing with the SEC, but only for the purpose of the distribution of the
securities covered by the supplement.
7.6 Rule 415 Prospectus Supplement Not Filed - Despite sections 6.3 and
7.5, an issuer is not required to file a rule 415 prospectus supplement in
the local jurisdiction unless it is the principal jurisdiction, if
(
a) the rule 415 prospectus supplement is used to describe the
terms of a tranche of securities distributed under the MJDS prospectus, or
is a preliminary form of the rule 415 prospectus supplement for use in
marketing, and the securities covered by the supplement will not be
distributed in the local jurisdiction; or
(
b) the rule 415 prospectus supplement is used to establish an MTN
program or other continuous offering program or to update disclosure for
the program, and securities will not be distributed under the program in
the local jurisdiction.
7.7 Filing of Rule 430A Pricing Prospectus - An issuer shall file a rule
430A pricing prospectus.
7.8 Incorporation by Reference of Pricing Information
The information contained in a rule 430A pricing prospectus that was
omitted from the U.S. prospectus in accordance with Rule 430A under the
1933 Act and any other additional information that the issuer has elected
to include in the rule 430A pricing prospectus in accordance with U.S.
federal securities law shall be deemed to be incorporated by reference into
the MJDS prospectus as of the date of the rule 430A pricing prospectus.
7.9 Filing of Revised U.S. Prospectus or Prospectus Supplement
(1) If an issuer files with the SEC a revised U.S. prospectus,
other than as an amendment to the related registration statement under rule
424(
b) or another rule under the 1933 Act, or a prospectus supplement, to
modify a U.S. prospectus, other than a U.S. prospectus for a rule 415
offering or a rule 430A offering, the issuer shall file the revised U.S.
prospectus or prospectus supplement.
(2) The revised U.S. prospectus or prospectus supplement shall be
deemed to be incorporated into the MJDS prospectus as of the date of the
revised U.S. prospectus or prospectus supplement.
PART 8 DISSEMINATION REQUIREMENTS
8.1 General - Subject to
section 8.3, a preliminary MJDS prospectus, a
MJDS prospectus and amendments and supplements to either shall be sent to
offerees and purchasers in accordance with prospectus delivery requirements
of securities legislation.
8.2 Prospectus Supplements - All prospectus supplements applicable to the
securities being distributed shall be attached to, or included with, the
MJDS prospectus that is sent to offerees and purchasers of the securities.
8.3 Rule 430A Pricing Prospectus - Instead of the related MJDS
prospectus, a rule 430A pricing prospectus shall be sent to offerees and
purchasers in accordance with prospectus delivery requirements of
securities legislation.
8.4 Documents Incorporated by Reference - Documents that are incorporated
or deemed to be incorporated by reference into a preliminary MJDS
prospectus or a MJDS prospectus, other than rule 415 prospectus supplements
and rule 430A pricing prospectuses, shall be sent to offerees or purchasers
if the documents are required to be sent to offerees or purchasers under
U.S. federal securities law.
8.5 Provision of Documents Incorporated by Reference - Documents
incorporated by reference or deemed to be incorporated by reference shall
be provided by the issuer to any person or company upon request without
charge.
PART 9 REGISTRATION REQUIREMENTS
9.1 Rights offerings - The dealer registration requirement does not apply
to a trade made by a U.S. issuer in accordance with this Instrument of a
right to purchase additional securities of its own issue issued by a U.S.
issuer to its existing securityholders and of the securities issued upon
the exercise of the right.
PART 10 CONFLICTS OF INTEREST
10.1 Distributions of a Registrant, Connected Issuer or a Related Issuer -
The provisions of securities legislation that regulate conflicts of
interest in connection with a distribution of securities of a registrant, a
connected issuer of a registrant or a related issuer of a registrant that
require specified disclosure in a preliminary prospectus or prospectus do
not apply to a distribution under this Instrument.
PART 11 GENERAL
11.1 Representations as to Listing - The prohibitions in securities
legislation regarding representations as to the listing, posting for
trading or quotation of securities or to an application having been made or
to be made for the listing, posting for trading or quotation of securities
do not apply to distributions made under this Instrument.
11.2 Solicitations of Expressions of Interest - The prospectus requirement
does not apply to solicitations of expressions of interest for the purchase
of securities before the filing of a preliminary MJDS prospectus if
(
a) the issuer or selling securityholder has entered into an
enforceable agreement with an underwriter who has, or underwriters who
have, agreed to purchase the securities;
(
b) the agreement referred to in paragraph (
a) has fixed the terms
of the distribution and requires that the issuer file a preliminary MJDS
prospectus for the securities and obtain a receipt for the preliminary MJDS
prospectus from
(
i) the regulator in at least one jurisdiction dated not more
than two business days after the date that the agreement is entered into,
and
(ii) the Canadian securities regulatory authorities in any
other jurisdictions in which the distribution is to be made dated not more
than three business days after the date that the agreement is entered into;
(
c) immediately upon entering into the agreement the issuer issues
and files a news release announcing the agreement;
(
d) upon issuance of the receipt for the preliminary MJDS
prospectus, a preliminary MJDS prospectus is sent to the person or company
who has expressed an interest in acquiring the securities; and
(
e) except as provided in paragraph (a), no agreement of purchase
and sale for the securities is entered into until the MJDS prospectus has
been filed and a receipt obtained.
11.3 Other Prospectus Requirements - National Instrument 41-101 Prospectus
Disclosure Requirements, National Instrument 43-101 Standards of Dislosure
for Mineral Exploration and Development and Mining Properties, National
Instrument 43-102 Guide for Engineers and Geologists Submitting Oil and Gas
Reports and National Instrument 45-101 Rights Offerings do not apply to a
distribution of securities under this Instrument.
PART 12 BIDS FOR SECURITIES OF U.S. ISSUERS
12.1 General Eligibility Criteria
(1) A bid may be made under this Instrument if
(
a) the offeree issuer is a U.S. issuer;
(
b) the offeree issuer is not registered or required to be
registered as an investment company under the 1940 Act;
(
c) the offeree issuer is not a commodity pool issuer;
(
d) the bid is subject to
section 14(
d) of the 1934 Act in
the case of a take-over bid, or
section 13(
e) of the 1934 Act in the case
of an issuer bid, and is not exempt from the 1934 Act;
(
e) the bid is made to all holders of the class of securities
in Canada and the United States of America;
(
f) the bid is made to residents of Canada on the same terms
and conditions as it is made to residents of the United States of America;
and
(
g) less than 40 percent of each class of securities that is
the subject of the bid is held by persons or companies whose last address
as shown on the books of the issuer is in Canada.
(2) Subject to subsection (3), the calculation under paragraph
(1)(
g) shall be made as of the end of the offeree issuer's last quarter
before the date of filing the tender offer statement or issuer tender offer
statement with the SEC or, if the quarter terminated within 60 days of the
filing date, as of the end of the offeree issuer's preceding quarter.
(3) If another bid for securities of the same class of the offeree
issuer is in progress at the date of the filing, the calculation for the
subsequent bid shall be made as of the same date as for the first bid
already in progress.
(4) If a take-over bid is made without the prior knowledge of the
directors of the offeree issuer who are not insiders of the offeror or
acting jointly or in concert with the offeror, or upon informing the
directors of the proposed bid the offeror has a reasonable basis for
concluding that the bid is being regarded as a hostile bid by a majority of
the directors, and in either case the offeror lacks access to the relevant
list of securityholders of the offeree issuer, it will be conclusively
presumed that paragraph (1)(
g) is satisfied and paragraph (
a) in the
definition of "foreign issuer" is not satisfied, unless
(
a) the aggregate published trading volume of the class on
The Toronto Stock Exchange, The Montreal Exchange, the Vancouver Stock
Exchange, the Alberta Stock Exchange and the Canadian Dealing Network Inc.
exceeded the aggregate published trading volume of the class on national
securities exchanges in the United States of America and Nasdaq for the 12
calendar month period before commencement of the bid or, if another bid for
securities of the same class is in progress, the 12 calendar month period
before commencement of the first bid already in progress;
(
b) disclosure that paragraph (1)(
g) was not satisfied or
paragraph (
a) of the definition of "foreign issuer" was satisfied had been
made by the issuer in its Form 10-K most recently filed with the SEC under
the 1934 Act; or
(
c) the offeror has actual knowledge that paragraph (1)(
g) is
not satisfied or paragraph (
a) of the definition of foreign issuer is
satisfied.
12.2 MJDS Take-Over Bid Circular and MJDS Issuer Bid Circular
(1) An offeror that makes a take-over bid or issuer bid under this
Part shall file a MJDS take-over bid circular or MJDS issuer bid circular,
respectively.
(2) A MJDS take-over bid circular, MJDS issuer bid circular, MJDS
directors' circular, MJDS director's or officer's circular, a change to any
of these documents or a variation to a MJDS take-over bid circular or a
MJDS issuer bid circular, is a take-over bid circular, issuer bid circular,
directors' circular, individual director's or officer's circular, a notice
of change and a notice of variation, respectively, for purposes of
securities legislation.
12.3 Securities Exchange Bids
(1) A securities exchange bid may be made under this Instrument if
(
a) the eligibility criteria set out in
section 12.1 are
satisfied;
(
b) the offeror or, if the securities being offered are of
another issuer, the other issuer, meets the eligibility criteria set out in
subparagraphs 3.1(a)(i), (ii), (iv) and (
v) and has filed with the SEC all
1934 Act filings for a period of 36 calendar months immediately before the
filing of the registration statement with the SEC;
(
c) the offeror or, if the securities being offered are of
another issuer, the other issuer, has had a class of its securities listed
on the New York Stock Exchange or the American Stock Exchange or quoted on
the NNM for a period of at least 12 calendar months immediately before the
filing of the registration statement with the SEC and is in compliance with
the obligations arising from the listing or quotation; and
(
d) one of the following is satisfied:
(
i) the equity shares of the offeror or, if the
securities being offered are of another issuer, the other issuer, have a
public float of not less than U.S. $75,000,000, determined as of a date
within 60 days before the filing of the registration statement with the
SEC;
(ii) the securities being offered are non-convertible
debt having an investment grade rating or non-convertible preferred shares
having an investment grade rating; or
(iii) the bid is an issuer bid made under this Instrument
with securities of the issuer being offered as consideration.
(2) The dealer registration requirement does not apply to the trade
of securities of an offeror or another issuer in a securities exchange
issuer bid if the eligibility criteria in subsection (1) are met.
(3) The prospectus requirement does not apply to the distribution
of securities of an offeror or another issuer in a securities exchange
issuer bid if the eligibility criteria in subsection (1) are met and the
offeror complies with the requirements of U.S. federal securities law
applicable as a result of the consideration for the securities of the
offeree issuer being at least in part securities of the offeror or other
issuer.
12.4 Compliance with U.S. tender offer requirements
(1) If an offeror makes a bid under this Part, the offeror shall
comply with the requirements of
(
a) sections 14(
d) and 14(
e) of the 1934 Act and Regulations
14D and 14E under the 1934 Act for a take-over bid made under this
Instrument; and
(
b) sections 13(
e) and 14(
e) of the 1934 Act and Regulations
13E and 14E under the 1934 Act for an issuer bid made under this
Instrument.
(2) If the directors or an individual director or officer of an
offeree issuer elects to comply with this
Part instead of securities
legislation otherwise applicable in preparation of a directors' circular or
individual director's or officer's circular for a take-over bid made under
this Part, each person so electing shall comply with sections 14(
d) and
14(
e) of the 1934 Act and Regulations 14D and 14E under the 1934 Act.
12.5 Form and Content of Bid Documents
(1) A MJDS take-over bid circular or a MJDS issuer bid circular
shall contain the additional information, legends and certificates required
by this section.
(2) The U.S. prospectus forming part of the registration statement
filed with the SEC for a securities exchange bid shall be included in, or
incorporated by reference into, the MJDS take-over bid circular or MJDS
issuer bid circular.
(3) If an offeror makes a take-over bid under this Part and the
directors or an individual director or officer elects to comply with this
Part, instead of the securities legislation otherwise applicable, the
directors shall prepare a MJDS directors' circular and an individual
director or officer may prepare a MJDS director's or officer's circular, in
each case, that contains the additional information, legends and
certificates required by this section.
(4) The following statements shall be printed on the outside front
cover page, or on a sticker on that page, of a MJDS take-over bid circular
or MJDS issuer bid circular
(a) "This bid is made in Canada [for applicable securities
exchange bids--- "by a U.S. issuer"] for securities of a U.S. issuer in
accordance with U.S. federal securities laws. Securityholders should be
aware that the U.S. requirements applicable to the bid may differ from
those of [insert the names of the provinces and territories where bid is
made]. [For securities exchange bids, also insert the following---"The
financial statements included or incorporated by reference in this bid
circular have not been prepared in accordance with Canadian generally
accepted accounting principles and thus may not be comparable to financial
statements of Canadian issuers."]
(b) "[All of] [Certain of] the directors and officers of the
offeror and [all of] [certain of] the experts named in this bid circular
reside outside of Canada. [[Substantially] all of the assets of these
persons and of the offeror may be located outside of Canada.] The offeror
has appointed [name and address of agent for service] as its agent for
service of process in Canada, but it may not be possible for
securityholders to effect service of process within Canada upon the
directors, officers and experts referred to above. It may also not be
possible to enforce against the offeror, its directors and officers and
[certain of] the experts named in this bid circular judgments obtained in
Canadian courts predicated upon the civil liability provisions of
applicable securities laws in Canada."
(5) The legend contained in paragraph 4(
b) is not required if the
offeror is incorporated or organized under the laws of Canada or a
jurisdiction.
(6) An offeror shall include the following statement in a MJDS
take-over bid circular or MJDS issuer bid circular
"Securities legislation in certain of the provinces [and
territories] of Canada provides securityholders of the offeree issuer with,
in addition to any other rights they may have at law, remedies for
rescission [or [, in some jurisdictions,] damages if a circular or notice
that is required to be delivered to such securityholders contains a
misrepresentation or is not delivered to the securityholder, provided that
such remedies for rescission [or damages] are exercised by the
securityholder within the time limit prescribed by the securities
legislation of the securityholder's province or territory. The
securityholder should refer to the applicable provisions of the securities
legislation of the securityholder's province [or territory] for particulars
of these rights or consult with a legal adviser. Rights and remedies also
may be available to securityholders under U.S. law; securityholders may
wish to consult with a U.S. legal adviser for particulars of these rights."
(7) A MJDS take-over bid circular, MJDS issuer bid circular, MJDS
directors' circular or MJDS director's or officer's circular need not
contain disclosure relevant only to U.S. securityholders.
12.6 Incorporation by Reference - Except as otherwise provided in this
Instrument, documents incorporated or deemed to be incorporated by
reference into a tender offer statement, issuer tender offer statement or
tender offer solicitation/recommendation statement under U.S. federal
securities law shall be, and are deemed to be, incorporated by reference
into a MJDS take-over bid circular, MJDS issuer bid circular, MJDS
directors' circular or MJDS director's or officer's circular.
12.7 Statements Modified or Superseded
(1) A statement in a document incorporated or deemed to be
incorporated by reference into a MJDS take-over bid circular, a MJDS issuer
bid circular, a MJDS director's circular or a MJDS director's or officer's
circular shall be deemed to be modified or superseded, for the purposes of
the applicable circular, to the extent that a statement in the MJDS
take-over bid circular, the MJDS issuer bid circular, the MJDS director's
circular or the MJDS director's or officer's circular, or in any other
subsequently filed document that also is or is deemed to be incorporated by
reference into the applicable circular modifies or supersedes the
statement.
(2) The modifying or superseding statement need not state that it
has modified or superseded a prior statement or include any other
information in the document that it modifies or supersedes.
(3) The making of a modifying or superseding statement shall not be
deemed an admission for any purpose that the modified or superseded
statement, when made, constituted a misrepresentation, an untrue statement
of a material fact or an omission to state a material fact that is required
to be stated or that is necessary to make a statement not misleading in
light of the circumstances in which it was made.
(4) A statement so modified or superseded shall not be deemed in
its unmodified or superseded form to constitute part of the MJDS take-over
bid, the MJDS issuer bid circular, the MJDS directors' circular or the MJDS
director's or officer's circular.
(5) If documents are incorporated by reference into a MJDS
take-over bid circular, a MJDS issuer bid circular, a MJDS directors'
circular or a MJDS director's or officer's circular, the
section that
provides information about incorporation by reference shall include a
statement that information has been incorporated by reference from
documents filed with securities regulatory authorities in each jurisdiction
in Canada in which the documents have been filed and shall state the name,
address and telephone number of a person in Canada or the United States of
America from whom copies of the documents may be obtained on request
without charge.
12.8 Reconciliation of Financial Statements - A MJDS take-over bid
circular or a MJDS issuer bid circular for a securities exchange bid that
satisfies the eligibility criteria of subsection 12.3(1) is not subject to
the requirement of securities legislation to reconcile to Canadian GAAP the
financial statements included in, or incorporated by reference into, the
bid circular.
12.9 Certificates
(1) A MJDS take-over bid circular shall contain a certificate in
the following form signed by the chief executive officer and the chief
financial officer of the offeror and, on behalf of the board of directors,
by any two directors of the offeror other than the chief executive officer
and chief financial officer, and each person or company that is a promoter
of the offeror or a guarantor of the securities being offered in a
securities exchange bid:
"The foregoing [, together with documents incorporated by
reference,] contains no untrue statement of a material fact and does not
omit to state a material fact that is required to be stated or that is
necessary to make a statement not misleading in the light of the
circumstances in which it was made."
(2) A MJDS issuer bid circular shall contain a certificate in the
form set out in subsection (1) signed by the chief executive officer and
the chief financial officer of the issuer and, on behalf of the board of
directors, by any two directors of the issuer other than the chief
executive officer and chief financial officer, and each person or company
that is a promoter of the issuer or a guarantor of the securities being
offered in a securities exchange bid.
(3) A MJDS directors' circular shall contain a certificate in the
form set out in subsection (1) signed on behalf of the board of directors
by any two directors of the issuer.
(4) A MJDS director's or officer's circular shall contain a
certificate in the form set out in subsection (1) signed by each director
or officer sending the circular.
(5) The certificate for notices of variation and notices of change
shall be in the form set out in subsection (1), amended to refer to the
initial MJDS take-over bid circular or MJDS issuer bid circular and all
notices of variation or change to the MJDS take-over bid circular or MJDS
issuer bid circular.
(6) Any or all of the persons required to sign a certificate under
subsections (1), (2), (3), (4) or (5) may sign by an agent duly authorized
in writing.
12.10 Bid Circular Filing Procedures
(1) If an offeror makes a bid under this Instrument, the offeror
shall file
(
a) the tender offer statement or issuer tender offer
statement and all exhibits and amendments to the tender offer statement or
issuer tender offer statement,
(
b) the MJDS take-over bid circular or MJDS issuer bid
circular,
(
c) a certificate of the offeror, signed on its behalf by a
senior officer, confirming that the eligibility criteria set forth in
subsection 12.1(1) and, if applicable,
section 12.3 are satisfied and that
the circular has been prepared in accordance with U.S. federal securities
law,
(
d) the written consent of an attorney, auditor, accountant,
engineer, appraiser or any other person or company who is named as having
prepared or certified any expertised statement in any document filed under
this
section or
section 12.14,
(
e) a submission to jurisdiction and appointment of agent for
service of process duly executed by the offeror in
section 2 of the
required form, and
(
f) if a person or company signs a certificate by an agent
under subsection 12.9(6), a duly executed copy of the document authorizing
the agent to sign the certificate.
(2) Despite subsection (1), the filing requirement in paragraph
(1)(
d) does not apply to the consent of a rating organization that issues a
rating or provisional rating that is used in or in connection with a MJDS
take-over bid circular or MJDS issuer bid circular.
12.11 Notification to Offeree Issuer - An offeror filing a MJDS take-over
bid circular shall so notify the offeree issuer at its principal office not
later than the business day following the day the MJDS take-over bid
circular is filed.
12.12 French Language Documentation Not Required - A MJDS take-over bid
circular or MJDS issuer bid circular in the French language is not required
to be filed in Quebec unless
(
a) the offeree issuer is a reporting issuer in Quebec; or
(b) 20 percent or more of the class of securities that is the
subject of the bid is held by persons or companies whose last address as
shown on the books of the issuer is in Canada.
12.13 MJDS Directors' Circulars and MJDS Director's or Officer's Circulars
- If an offeror makes a take-over bid under this Part, and the directors or
an individual director or officer of the offeree issuer elects to comply
with this Instrument in preparation of a directors' circular or individual
director's or officer's circular instead of securities legislation
otherwise applicable, the directors or an individual director or officer
who so elects shall file
(
a) the tender offer solicitation/recommendation statement and all
exhibits or amendments to that statement,
(
b) the MJDS directors' circular or MJDS director's or officer's
circular,
(
c) a statement by the directors or an individual director or
officer that the circular has been prepared in accordance with U.S. federal
securities law,
(
d) the written consent of an attorney, auditor, accountant,
engineer, appraiser or any other person or company who is named as having
prepared or certified an expertised statement contained in the MJDS
directors' circular or MJDS director's or officer's circular, and
(
e) if a person signs a certificate by an agent under subsection
12.9(3), a duly executed copy of the document authorizing the agent to sign
the certificate.
12.14 Securities Exchange Bids - In the case of a securities exchange bid
made under
section 12.3 for which a registration statement is filed with
the SEC, the offeror shall file contemporaneously with the filing of the
bid circular the registration statement and all exhibits and amendments to
the registration statement, together with all documents incorporated by
reference into the registration statement.
12.15 Notices of Variation and Notices of Change
(1) Documents filed under this Part shall be changed or varied in
accordance with U.S. federal securities law as additional tender offer
materials, but the additional tender offer materials shall contain the
legends and certificates required by this Part.
(2) An offeror shall file additional tender offer materials that
vary the terms of the bid as a notice of variation and identify the
materials as such.
(3) An offeror shall file additional tender offer materials that
change the information in the tender offer materials or previous additional
tender offer materials, other than information about a variation in the
terms of the bid, as a notice of change and identify the materials as such.
(4) Additional tender offer materials required to be filed as a
notice of variation and a notice of change shall be filed as both a notice
of variation and a notice of change and identified as such.
(5) The directors or an individual director or officer of an
offeror issuer shall file additional materials prepared by the directors or
an individual director or officer as a notice of change.
(6) If a person or company signs a certificate by an agent under
subsection 12.9(6), an offeror shall file a duly executed copy of a
document authorizing an agent to sign a certificate.
(7) If a change to a MJDS take-over bid circular or MJDS issuer bid
circular is material to the consent filed under paragraph 12.10(1)(d), an
offeror shall file a further consent contemporaneously with the filing of
the change to the MJDS take-over bid circular or MJDS issuer bid circular.
(8) If a change to a MJDS directors' circular or MJDS director's or
officer's circular is material to the consent filed under paragraph
12.13(d), the directors in the case of a MJDS directors' circular or the
director or officer sending the circular in the case of a MJDS director's
or officer's circular shall file a further consent contemporaneously with
the filing of the change to a MJDS directors' circular or MJDS director's
or officer's circular.
12.16 Dissemination Requirements
(1) An offeror shall send a MJDS take-over bid circular, MJDS
issuer bid circular, a notice of change and a notice of variation to each
securityholder whose last address as shown on the books of the offeree
issuer is in the local jurisdiction.
(2) Despite subsection (1), a notice of change or a notice of
variation shall be sent only to those securityholders whose securities were
not taken up at the date of the occurrence of the change or variation.
(3) An offeree issuer shall send a MJDS directors' circular, MJDS
director's or officer's circular and a notice of change to the MJDS
directors' circular or MJDS director's or officer's circular to every
person or company to whom a MJDS take-over bid circular is required to be
sent under subsections (1) and (2).
(4) Documents referred to in subsections (1) and (3) that are sent
or given to securityholders resident in the United States of America shall
be sent by the offeror or offeree issuer as appropriate to each
securityholder whose last address as shown on the books of the offeree
issuer is in the local jurisdiction as soon as practicable following the
time they are sent or given to securityholders resident in the United
States of America.
(5) Documents referred to in subsections (1) and (3) that are
published by long form or
summary publication in the United States of
America shall be sent by the offeror or offeree issuer as appropriate to
each securityholder whose last address as shown on the books of the offeree
issuer is in the local jurisdiction as soon as practicable following
publication.
(6) Documents that are incorporated or deemed to be incorporated by
reference into documents filed under this Part shall be sent to each
securityholder whose last address as shown on the books of the offeree
issuer is in the local jurisdiction if those documents are required to be
sent to securityholders under U.S. federal securities law.
(7) Documents incorporated or deemed to be incorporated by
reference shall be provided to any person or company upon request without
charge by the person or company that filed the documents into which the
documents are incorporated or deemed to be incorporated by reference.
PART 13 BUSINESS COMBINATIONS
13.1 Eligibility Criteria
(1) This Part may be used for the distribution of securities of a
successor issuer in connection with a business combination if
(
a) each person or company participating in the business
combination meets the eligibility criteria specified in subparagraphs
3.1(a)(i), (iv) and (
v) and, other than participating persons or companies
that are specified predecessors, subparagraphs 3.1(a)(ii) and 3.1(b)(ii);
(
b) the equity shares of each person or company participating
in the business combination, other than a specified predecessor, have a
public float of not less than U.S. $75,000,000, determined as of a date
within 60 days before the filing of the preliminary MJDS prospectus with
the principal jurisdiction;
(
c) each person or company participating in the business
combination, other than a specified predecessor, has had a class of its
securities listed on the New York Stock Exchange or the American Stock
Exchange or quoted on the NNM for a period of at least 12 calendar months
immediately preceding the filing of the preliminary MJDS prospectus in the
principal jurisdiction and is in compliance with the obligations arising
from the listing or quotation;
(
d) the issue or exchange of securities in the business
combination is made to residents of Canada on the same basis, terms and
conditions as it is made to residents of the United States of America; and
(
e) less than 40 percent of the class of securities to be
distributed in the business combination by the successor issuer will be
distributed to persons or companies whose last address as shown on the
books of the participating person or company is in Canada.
(2) The requirement in paragraph (1)(
b) may be satisfied for a
participating person or company whose securities were the subject of a bid
made under or eligible to have been made under this Instrument that
terminated within the preceding 12 months if the requirement would have
been satisfied immediately before commencement of the bid.
(3) The calculation in paragraph 1(
e) shall be made
(
a) for each participating person or company as of the end of
the participating person's or company's last quarter before the date of
filing of the preliminary MJDS prospectus in the principal jurisdiction or,
if that quarter terminated within 60 days of the filing date, as of the end
of the participating person's or company's preceding quarter; and
(
b) on the basis that all persons or companies that have an
option in respect of the consideration to be received under the business
combination elect the option that would result in the issuance of the
greatest number of securities.
13.2 Form and Content of Disclosure Documents and Procedures
(1) If the eligibility criteria set forth in
section 13.1 are
satisfied, securities may be distributed under this
Part in connection with
a business combination by complying with the requirements set out in
Part
4, other than
section 4.6, Parts 5 through 9 and
Part 11.
(2) If securities are being distributed under this
Part in
connection with a business combination, the disclosure documents prepared
for the business combination shall be filed as a MJDS prospectus and, if
proxies will be solicited from holders of voting securities of the issuer
and the issuer is a reporting issuer in the local jurisdiction, as an
information circular.
PART 14 MATERIAL CHANGE REPORTING
14.1 News Release - A U.S. issuer that has a class of securities listed on
the New York Stock Exchange or the American Stock Exchange or quoted on
Nasdaq satisfies the requirement of securities legislation to issue and
file a news release upon the occurrence of a material change in its affairs
(
a) complying with the requirements of the exchange on which
its securities are listed or Nasdaq, as applicable, for making public
disclosure of material information on a timely basis; and
(
b) immediately issuing in Canada and filing each news
release disclosed by it for the purpose of complying with the requirements
referred to in paragraph (a).
14.2 Material Change Reports - A U.S. issuer that has a class of
securities registered under
section 12 of the 1934 Act or is required to
file reports under
section 15(
d) of the 1934 Act satisfies the requirement
of securities legislation to file a material change report upon the
occurrence of a material change in its affairs by
(
a) complying with the requirements of U.S. federal
securities law relating to current reports; and
(
b) filing the current report filed with the SEC.
PART 15 FINANCIAL STATEMENTS, ANNUAL INFORMATION FORMS AND MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
15.1 Financial Statements - A U.S. issuer that has a class of securities
registered under
section 12 of the 1934 Act or is required to file reports
under
section 15(
d) of the 1934 Act satisfies the requirements of
securities legislation relating to the preparation, certification, filing
and sending of interim financial statements, and annual financial
statements and auditor's reports thereon by
(
a) complying with the requirements of U.S. federal securities law
relating to quarterly reports and annual reports;
(
b) filing the quarterly reports and annual reports filed with the
SEC; and
(
c) either
(
i) sending each financial statement included in the report
required to be filed under paragraph (
b) to each securityholder whose last
address as shown on the books of the reporting issuer is in the local
jurisdiction in the manner and at the time required by U.S. federal
securities law if
(
A) the issuer is a reporting issuer solely as a result
of a distribution or securities exchange bid made under this Instrument;
(
B) the issuer meets the eligibility requirements in
paragraph 3.1(c); or
(
C) the issuer meets the eligibility requirements in
subparagraphs 3.1(a)(
i) to (
v) and the issuer is a reporting issuer solely
as the result of the distribution of securities that had an investment
grade rating and met the eligibility requirements of subparagraph
3.1(a)(vi) at the time of distribution; or
(ii) sending each financial statement included in the report
required to be filed under paragraph (
b) to each securityholder whose last
address as shown on the books of the issuer is in the local jurisdiction in
the manner and at the time required by securities legislation other than
this Instrument.
15.2 Annual Reports, Annual Information Forms and Management's Discussion
and Analysis - A U.S. issuer that has a class of securities registered
under
section 12 of the 1934 Act or that is required to file reports under
section 15(
d) of the 1934 Act satisfies the requirements of securities
legislation to file annual reports, annual information forms and
management's discussion and analysis of financial condition and results of
operations by
(
a) complying with the requirements of U.S. federal securities law
relating to annual reports, quarterly reports and management's discussion
and analysis;
(
b) filing the annual report and quarterly report filed with the
SEC; and
(
c) sending the annual report to each securityholder whose last
address as shown on the books of the reporting issuer is in the local
jurisdiction in the manner and at the time required by U.S. federal
securities law.
PART 16 PROXIES AND PROXY SOLICITATION
16.1 Proxy Solicitation by a U.S. Issuer - A U.S. issuer that has a class
of securities registered under
section 12 of the 1934 Act satisfies the
requirements of securities legislation relating to information circulars,
proxies and proxy solicitation by
(
a) complying with the requirements of U.S. federal securities law
relating to proxy statements, proxies and proxy solicitation;
(
b) filing all material relating to the meeting that is filed with
the SEC; and
(
c) sending each document filed under paragraph (
b) to each
securityholder whose last address as shown on the books of the reporting
issuer is in the local jurisdiction in the manner and at the time required
by U.S. federal securities law.
16.2 Proxy Solicitation by Another Person or Company - A person or company
other than the issuer satisfies the requirements of securities legislation
relating to proxies and proxy solicitation with respect to a U.S. issuer
that has a class of securities registered under
section 12 of the 1934 Act
by fulfilling the requirements of paragraphs 16.1(a), (
b) and (c).
16.3 Determination of Eligibility - If a proxy solicitation is made under
section 16.2 and the person or company soliciting proxies lacks access to
the relevant list of securityholders of the issuer, it will be conclusively
presumed that paragraph (
a) of the definition of foreign issuer is not
satisfied, unless
(
a) the aggregate published trading volume of the class on The
Toronto Stock Exchange, The Montreal Exchange, the Vancouver Stock
Exchange, the Alberta Stock Exchange and the Canadian Dealing Network Inc.
exceeded the aggregate published trading volume of the class on national
securities exchanges in the United States of America and Nasdaq for the 12
calendar month period before commencement of the proxy solicitation or, if
another proxy solicitation for securities of the same class is in progress,
the 12 calendar month period before commencement of the first proxy
solicitation already in progress;
(
b) disclosure that paragraph (
a) of the definition of foreign
issuer was satisfied had been made by the issuer in its Form 10-K most
recently filed with the SEC under the 1934 Act; or
(
c) the person or company soliciting proxies has actual knowledge
that paragraph (
a) of the definition of foreign issuer is satisfied.
PART 17 INSIDER REPORTING
17.1 Insider Reporting - The insider report filing requirement does not
apply to an insider of a U.S. issuer that has a class of securities
registered under
section 12 of the 1934 Act if the insider
(
a) complies with the requirements of U.S. federal securities law
regarding insider reporting; and
(
b) files with the SEC any insider report required to be filed with
the SEC under
section 16(
a) of the 1934 Act and the rules and regulations
under the 1934 Act.
PART 18 COMMUNICATION WITH BENEFICIAL OWNERS OF SECURITIES OF A
REPORTING ISSUER
18.1 Communication with Beneficial Owners of Securities of a Reporting
Issuer - A U.S. issuer satisfies the requirements of securities legislation
relating to communications with, delivery of materials to and conferring
voting rights upon non-registered holders of its securities who hold their
interests in the securities through one or more intermediaries by
(
a) complying with the requirements of Rule 14a-13 under the 1934
Act for any Canadian clearing agency and any intermediary whose last
address as shown on the books of the issuer is in the local jurisdiction;
and
(
b) complying with the requirements of National Policy Statement
No. 41 or any successor instrument to that national policy statement with
respect to fees payable to intermediaries, for any Canadian clearing agency
and any intermediary whose last address as shown on the books of the issuer
is in the local jurisdiction.
PART 19 TRUST INDENTURE REQUIREMENTS
19.1 Trust Indenture Requirements - The requirements of the legislation of
the local jurisdiction applicable to trust indentures, for debt outstanding
or guaranteed under the indenture, including a requirement that a person or
company appointed as a trustee under a trust indenture be resident or
authorized to do business in the local jurisdiction, do not apply to
distributions made under this Instrument, if
(
a) the trust indenture under which the obligations are issued or
guaranteed is subject to and complies with the Trust Indenture Act of 1939
of the United States of America; and
(
b) at least one person or company appointed as trustee under the
trust indenture
(
i) is resident in the local jurisdiction,
(ii) is authorized to do business in the local jurisdiction,
(iii) has filed a duly executed submission to jurisdiction and
appointment of agent for service of process in
section 3 of the required
form.
PART 20 FINANCIAL DISCLOSURE
20.1 Financial Disclosure - National Instruments 52-101 Future-Oriented
Financial Information, 52-102 Use of Currencies, 52-103 Change of Auditor,
52-104 Basis of Accounting, Auditing and Reporting and 52-105 Change in the
Ending Date of a Financial Year do not apply to a U.S. issuer distributing
securities or making a bid or filings in accordance with this Instrument.
PART 21 EXEMPTIONS
21.1 Exemption
(1) The regulator or the securities regulatory authority may grant
an exemption to this Instrument, in whole or in part, subject to such
conditions or restrictions as may be imposed in the exemption.
(2) Despite subsection (1), in Ontario, only the regulator may
grant such an exemption.
(3) Despite subsection (1), in Alberta, only the regulator may
grant such an exemption.
(4) An application made to the securities regulatory authority or
regulator for an exemption from this Instrument shall include a letter or
memorandum describing the matters relating to the exemption, and indicating
why consideration should be given to the granting of the exemption.
21.2 Evidence of Exemption - Without limiting the manner in which an
exemption under
section 21.1 may be evidenced, the issuance by the
regulator of a receipt for a MJDS prospectus or an amendment to a MJDS
prospectus is evidence of the granting of the exemption if
(
a) the person or company that sought the exemption sent to the
regulator the letter or memorandum referred to in subsection 21.1(4)
(
i) on or before the date of filing of the preliminary MJDS
prospectus, or
(ii) after the date of filing of the preliminary MJDS
prospectus and received a written acknowledgement from the regulator that
the exemption may be evidenced by the issuance of a receipt for the MJDS
prospectus or an amendment to the MJDS prospectus; and
(
b) the regulator has not sent notice of refusal to grant the
exemption to the person or company that sought the exemption before, or
concurrent with, the issue of the receipt for the MJDS prospectus.
PART 22 EFFECTIVE DATE
22.1 Effective Date - This Instrument comes into force on November 1,
_______________
NATIONAL INSTRUMENT 71-101
THE MULTIJURISDICTIONAL DISCLOSURE SYSTEM
APPENDIX A
METHOD 1 FOR PROSPECTUS CERTIFICATES FOR RULE 415 OFFERINGS
METHOD 1: FORWARD LOOKING CERTIFICATES TO BE INCLUDED IN A MJDS
PROSPECTUS FOR A RULE 415 OFFERING OR SUPPLEMENT ESTABLISHING AN MTN
PROGRAM OR OTHER CONTINUOUS DISTRIBUTION
PART 1 MJDS Prospectus for a Rule 415 Offering
1.1 Certificate of Issuer and Promoter - If a MJDS prospectus for a rule
415 offering establishes an MTN program or other continuous distribution,
or if method 2 has not been elected by an issuer, the preliminary MJDS
prospectus and the MJDS prospectus for a rule 415 offering shall contain a
certificate in the following form signed by
(
a) the chief executive officer and the chief financial
officer of the issuer;
(
b) on behalf of the board of directors of the issuer, any
two directors of the issuer, other than the chief executive officer or
chief financial officer, duly authorized to sign; and
(
c) any person or company who is a promoter of the issuer:
"This MJDS prospectus, together with the documents
incorporated in this prospectus by reference, will, as of the date of each
supplement to this prospectus, constitute full, true and plain disclosure
of all material facts relating to the securities offered by this MJDS
prospectus and the supplement as required by [insert name of each
jurisdiction in which qualified] [insert if distribution made in
Quebec---"and will not contain any misrepresentation likely to affect the
value or the market price of the securities to be distributed"].".
1.2 Underwriters' Certificates - A preliminary MJDS prospectus and a MJDS
prospectus for a rule 415 offering shall contain an underwriter's
certificate in the following form signed by each underwriter who, at the
time of filing, is, or it is known will be, in a contractual relationship
with the issuer or selling securityholder for the securities to be
distributed under the MJDS prospectus, if
(
a) the MJDS prospectus establishes an MTN program or other
continuous distribution; or
(
b) method 2 has not been elected by the underwriter:
"To the best of our knowledge, information and
belief, this short form prospectus, together with the documents
incorporated in this prospectus by reference will, as of the date of each
supplement to this prospectus, constitute full, true and plain disclosure
of all material facts relating to the securities offered under this
prospectus and the supplement as required by [insert name of each
jurisdict