(1) Subject to subsection (2), in determining its securityholding percentage in a class of securities for the purposes of the early warning requirements or Part 4, an entity may rely upon information most recently provided by the issuer of the securities in a material change report or under section 5.4 of National Instrument 51-102 Continuous Disclosure Obligations, whichever contains the most recent relevant information.
(2) Subsection (1) does not apply if the entity has knowledge both
(a) that the information filed is inaccurate or has changed; and
(b) of the correct information.
An entity that files a news release and report under the early warning requirements, or a report under Part 4, in relation to a reporting issuer shall immediately send a copy of each filing to the reporting issuer.
(1) An entity that is required to issue a news release under both the early warning requirements and the acquisition announcement provisions is exempt from the requirement to issue the news release contained in the provision requiring the later release if
(a) the news release is filed under the provision with the earlier reporting requirement; and
(b) the facts required to be contained in the two news releases are identical.
(2) An entity that is required to file a report under the acquisition announcement provisions and either the early warning requirements or Part 4 is exempt from the requirement to file the report under the provision requiring the later report if
(a) the report is filed under the provision requiring the earlier report; and
(b) the facts required to be contained in the two reports are identical.
Share the post "No Duplication of News Releases or Reports"