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29 March 2016
On February 25 2016 the Canadian Securities Administrators (CSA) announced amendments to the early warning reporting regime which will apply where a party's total holdings of a reporting issuer's securities reaches 10% or more.
Once a shareholder reaches the 10% threshold it must:
The amendments will:
The amendments will come into force on May 9 2016 (Ontario may be delayed), and are available here.
For further information on this topic please contact Bernard Pinsky at Clark Wilson LLP by telephone (+1 604 687 5700) or email (email@example.com). The Clark Wilson LLP website can be accessed at www.cwilson.com.
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