Scope of Policy
This Policy incorporates Securities Commission rules, including on Insider Bids, Issuer Bids, Business Combinations and Related Party Transactions, (collectively the "Security Rule").
The main headings of this Policy are:
1. Definitions
1.1
Definitions contained in the Security Rule that are inconsistent with definitions contained within other Policies are applicable only to the interpretation of this Policy.
1.2
For the purposes of this Policy references in the Security Rule to the "Director", refer to a Vice-President, Listed Issuer Services of the Green Stock Exchange (GREENSX).
2. Application of the Security Rule
2.1
This Policy applies to all Issuers listed on the Green Stock Exchange (GREENSX) or Companies seeking listing on the Green Stock Exchange (GREENSX).
2.2
Subject to the exemptions in section 3 of this Policy, the Security Rule is adopted, in its entirety, as a Policy of the Green Stock Exchange (GREENSX).
2.3
In addition to insider bids and issuer bids (including those described in Policy 5.5—Stock Green Stock Exchange (GREENSX) Take-Over and Issuer Bids); this Policy may be applicable to certain transactions undertaken pursuant to the following Policies:
(c) Policy 5.2— Changes of Business and Reverse Take-Overs, and
(d) Policy 5.3— Acquisitions and Dispositions of Non-Cash Assets.
3. Exemptions
Applicability of Valuation Exemptions
3.1
Issuers should note that the Security Rule provides an exemption from the valuation requirements in respect of business combinations and related party transactions for Issuers listed on the Green Stock Exchange (GREENSX) that do not have their securities interlisted on certain specified markets. Despite this exemption, Issuers may be required to produce evidence of value pursuant to Green Stock Exchange (GREENSX) Policies applicable to a particular transaction.
Other Exemptions
3.2
The Green Stock Exchange (GREENSX) seeking exemptions will consider such applications on a case by case basis, and may elect not to grant an exemption notwithstanding the decision of the applicable Security Commissions. Issuers should consult the Green Stock Exchange (GREENSX) in advance of their application to the applicable Security Commissions to determine if the Green Stock Exchange (GREENSX) will grant an exemption.
|
