(1) An offeror making a take-over bid or an issuer bid must prepare and send, either as part of the bid or together with the bid, a take-over bid circular or an issuer bid circular, as the case may be, in the following form:
(a) Form 62-104F1 Take-Over Bid Circular, for a take-over bid; or
(b) Form 62-104F2 Issuer Bid Circular, for an issuer bid.
(2) An offeror commencing a take-over bid under paragraph 2.9(1)(a) must,
(a) on or before the date of first publication of the advertisement,
(i) deliver the bid and the bid circular to the offeree issuer’s principal office,
(ii) file the bid, the bid circular and the advertisement,
(iii) request from the offeree issuer a list of security holders described in section 2.8, and
(b) not later than 2 business days after receipt of the list of security holders referred to in subparagraph (a)(iii), send the bid and the bid circular to those security holders.
(3) An offeror commencing a take-over bid under paragraph 2.9(1)(b) must file the bid and the bid circular and deliver them to the offeree issuer’s principal office on the day the bid is sent, or as soon as practicable after that.
(4) An offeror making an issuer bid must file the bid and the bid circular on the day the bid is sent, or as soon as practicable after that.