(1) In this Instrument:…
“restructuring transaction” means
(a) a reverse takeover;
(b) an amalgamation, merger, arrangement or reorganization;
(c) a transaction or series of transactions involving a reporting issuer acquiring assets and issuing securities that results in
(i) new securityholders owning or controlling more than 50% of the reporting issuer’s outstanding voting securities; and
(ii) a new person or company, a new combination of persons or companies acting together, the vendors of the assets, or new management
(A) being able to materially affect the control of the reporting issuer; or
(B) holding more than 20% of the outstanding voting securities of the reporting issuer, unless there is evidence showing that the holding of those securities does not materially affect the control of the reporting issuer; and
(d) any other transaction similar to the transactions listed in paragraphs (a) to (c),
but does not include a subdivision, consolidation, or other transaction that does not alter a securityholder’s proportionate interest in the issuer and the issuer’s proportionate interest in its assets;