Notice

General Ruling/Order 52-904 Certain Issuers Ceasing to be Reporting Issuers in Reorganizations and Take-Over Bids

 On February 23, 2005, the Director of the Securities Division of the Saskatchewan Financial Services Commission made General Ruling/Order 52-904 Certain Issuers Ceasing to be Reporting Issuers in Reorganizations and Take-Over Bids (“GRO 52-904”). 

GRO 52-904 grants an order pursuant to section 92 of the Act that an issuer that becomes reporting issuer: 

• pursuant to subclause 2(1)(qq)(i.1) of the Act when it files a securities exchange take-over bid circular; or
   
• pursuant to subclause 2(1)(qq)(v) of the Act when it is involved in a merger, reorganization or other like process, where one of the issuers participating in the process is a reporting issuer;

shall thereafter immediately cease to be a reporting issuer if the issuer: 

·         is a wholly owned subsidiary of another issuer; or

·         has no securities that are held by the public.

 

February 23, 2005

Contact:

Barbara Shourounis
Director
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5842
bshourounis@sfsc.gov.sk.ca