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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (18348)1/5/2000 6:47:00 PM
From: russet  Read Replies (1) | Respond to of 36688
 
Couldn't find any specifics Ed. Just this,...unless I'm blind and I could be. Time for a beer.

(5) Restrictions on Resale of Securities
(a) Under the Securities Laws, securities issued in a Private Placement under Prospectus exemptions are generally subject to Resale Restrictions. The Resale Restrictions usually require that the securities be held by the Placee for a number of months (a ?hold period?) and also restrict certain activities in connection with the resale (such as no extraordinary commission and no unusual effort to prepare the market).
(b) In addition to any Resale Restrictions under the Securities Laws, the Exchange requires that the securities issued to a Placee in a Private Placement be legended with a hold period prohibiting transfer of his or her securities until four months after the date of issuance of the securities.
See Policy 3.2 - Filing Requirements and Continuous Disclosure for certificate legending requirements.
(c) A Placee may obtain relief from the legend requirement imposed by the Exchange if the Private Placement Shares are subsequently qualified for distribution by a Prospectus.