General
Ruling/Order 45-910 TSX Venture
Exchange’s Short Form Offering Exemption
On February 23, 2004, the Director
of the Securities Division of the Saskatchewan Financial Services
Commission made General
Ruling/Order 45-910 General Ruling/Order 45-910 TSX Venture Exchange’s Short
Form Offering Exemption
(“GRO 45-910”).
GRO 45-910 grants an exemption
from the prospectus requirement for distributions made pursuant to
TSX Venture
Exchange's Policy 4.6 Public Offering by Short Form Offering
Document and Form
4H - Short Form Offering Document.
Policy
4.6 allows reporting issuers who have filed an Annual Information
Form and are listed on the TSX Venture Exchange to raise up to
$2,000,000 per year through the issuance of free trading
securities to investors using the Short Form Offering Document as
a base disclosure document. The Short Form incorporates by
reference the issuer's continuous disclosure record, including a
current Annual Information Form.
GRO
45-910 is substantially similar to:
-
Albert
Securities Commission's Blanket Ruling 45-507 Offerings by
CDNX Short Form Offering Document; and
-
B.C.
Instrument 45-509 Short form Offerings of Listed Securities
and Units by Qualifying Issuers.
February 23, 2004
Contact:
Barbara Shourounis
Director
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5842
bshourounis@sfsc.gov.sk.ca
