(1) In this Instrument:
“venture issuer” means a reporting issuer that, as at the applicable time, did not have any of its securities listed or quoted on any of the Toronto Stock Exchange, Aequitas NEO Exchange Inc., a U.S. marketplace, or a marketplace outside of Canada and the United States of America other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc; where the “applicable time” in respect of
(a) Parts 4 and 5 of this Instrument and Form 51-102F1, is the end of the applicable financial period;
(b) Parts 6 and 9 of this Instrument and Form 51-102F6, is the end of the most recently completed financial year;
(c) Part 8 of this Instrument and Form 51-102F4, is the acquisition date; and
(d) section 11.3 of this Instrument, is the date of the meeting of the securityholders.