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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: scion who wrote (7389)5/19/2011 1:14:31 PM
From: scionRead Replies (1) of 53574
 
Prospectus Offerings

In most cases, a company must prepare a prospectus when it offers securities to the public.

Companies that plan to offer securities in Ontario typically begin by filing a preliminary prospectus with the OSC. The OSC will issue a receipt for the preliminary prospectus if all filing requirements are met. The OSC reviews the preliminary prospectus and may provide comments to the company. Once all comments are resolved to the satisfaction of the OSC, the company typically files a final prospectus with the OSC.

If a receipt is issued for a final prospectus, the prospectus can then be used to offer and sell securities.

A prospectus includes specific, detailed disclosure about a company, its business and the securities being offered. It must provide “full, true and plain disclosure of all material facts relating to the securities issued or proposed to be distributed” as required by subsection 56(1) of the Securities Act (Ontario). For more information, see National Instrument 41-101 General Prospectus Requirements.

If the securities are going to be sold both inside and outside of Ontario, the company may also need to consider the laws of another province or territory in Canada. For information on the filing and review process for prospectuses in multiple jurisdictions, see National Policy 11-202 Process for Prospectus Reviews in Multiple Jurisdictions. For more information on issuance of receipts see OSC Staff Notice 41-701 Issuance of Receipts for Preliminary Prospectus and Prospectuses.

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osc.gov.on.ca
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