Ayr Strategies Inc.

December 3, 2020


Applicable Legislative Provisions:

  • National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2, ss. 5.2, 5.4 and 6.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, ss. 4.1, 4.5 and 11.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.
  • National Instrument 41-101 General Prospectus Requirements, s. 19.1.
  • Ontario Securities Commission Rule 56-501 Restricted Shares, s. 4.2.

Lexata summary:

  • The company has a multi-class share structure for its non-multiple voting shares. This structure helps the company qualify as a “foreign private issuer” under U.S. securities laws.
  • The classes of non-multiple voting shares have the same trading symbol and identical economic attributes. The classes also convert into each other automatically based on the shareholder’s jurisdiction.
  • The exemption order permits the classes to be treated as a single class for purposes of various calculations and thresholds under Canada’s takeover bid rules, early warning rules and related exemptions.

Ultra Petroleum Corp.

March 6, 2020


Applicable Legislative Provisions:

  • National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, s. 8.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.
  • National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI), s. 6.1.
  • National Instrument 55-104 Insider Reporting Requirements and Exemptions, s. 10.1.
  • National Instrument 58-101 Disclosure of Corporate Governance Practices, s. 3.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Big and Insider Reporting Issues, s. 11.1.

Cargojet Inc.

May 1, 2019


Applicable Legislative Provisions:

  • National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2, ss. 5.2, 5.4 and 6.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, ss. 4.1, 4.5, 11.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.

Kew Media Group Inc.

July 25, 2018


Applicable Legislative Provisions:

  • National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2, ss. 5.2, 5.4 and 6.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, ss. 4.1, 4.5 and 11.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.

The North West Company Inc.

June 14, 2017


Applicable Legislative Provisions:

  • National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2, ss. 5.2, 5.4, 6.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, ss. 4.1, 4.5, 11.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.

Minister of Energy (Ontario) and Hydro One Limited

June 6, 2017


Applicable Legislative Provisions:

  • Securities Act, R.S.O. 1990, c. S.5, as am., ss. 74, 121(2)(a)(ii).
  • National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions.
  • National Instrument 51-102 Continuous Disclosure Obligations.
  • National Instrument 62-103 The Early Warning System and Related Take-over Bid and Insider Reporting Issues.
  • National Instrument 62-104 Take-Over Bids and Issuer Bids.
  • OSC Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions.

Canada Jetlines Ltd.

May 8, 2017


Applicable Legislative Provisions:

  • National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2, ss. 5.2, 5.4, 6.1.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, ss. 4.1, 4.5, 11.1.
  • National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.

Chorus Aviation Inc.

October 14, 2016


Applicable Legislative Provisions:

  • National Instrument 51-102 Continuous Disclosure Obligations.
  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
  • National Instrument 62-104 Take-Over Bids and Issuer Bids.