Regulatory Alerts2022-04-14
Amendments to Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
The regulator amended Policy Statement to Regulation 51-102 to clarify the determination of what constitutes a business for mining asset acquisitions. The new provision exempts such acquisitions from requiring a business acquisition report if the transaction was at arm's length, involved no other assets or liabilities, and had no exploration or production activity in the two years prior. This change provides specific criteria for when mining asset purchases are not treated as businesses under continuous disclosure obligations.
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