TSX Requires Majority Voting Policy
The Toronto Stock Exchange (“TSX”) recently amended its corporate finance manual to require each issuer to adopt a majority voting policy for its first fiscal ... Continued
Can an Agreement to Negotiate in Good Faith be Enforced?
It has long been considered at law that an agreement to negotiate is not a true agreement and cannot be enforced. That may be changing. ... Continued
OTCQX Drops DTC Requirement, Adopts Sponsor and Disclosure Rules
On February 13, 2014, OTC Markets Group published proposed amendments to the OTCQX Rules for U.S. Companies and OTCQX Rules for International Companies. The OTCQX ... Continued
Toronto Stock Exchange Adopts Majority Voting Requirement for Director Elections
Toronto Stock Exchange (“TSX”) has amended the TSX Company Manual in relation to director elections. The amendments require each director of a TSX listed issuer, ... Continued
Letters of Intent that Bind
Advice on how to draft a letter of intent.
SEC Judge Sanctions Chinese Affiliates of the Big Four Accounting Firms
An SEC judge sanctioned Chinese affiliates of the Big Four accounting firms.
Clark Wilson closes $74.8 million PIRET offering
Vikram Dhir and James Speakman of Clark Wilson’s Corporate Finance & Securities Group acted for Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) in closing ... Continued
TSX Venture Exchange Looking for Support for Proposed MI 45-312
The TSX Venture Exchange is looking for comments on MI 45-312.
Larry Yen & Craig Rollins open the market at the TSX with First Growth Holdings Ltd.
Clark Wilson client First Growth Holdings Ltd. (FGH) opened the market on January 8 for the TSX. The opening was attended by Larry Yen and ... Continued
Allyson Baker and Angela Blake Join the Partnership
We are very pleased to announce that Allyson Baker and Angela Blake have joined the partnership at Clark Wilson LLP. Allyson practices in our Infrastructure, ... Continued
CSA Proposes Allowing TSXV Issuers to Conduct Private Placements with Existing Security Holders
On November 21, 2013, the Canadian Securities Administrators (the “CSA”) published Multilateral CSA Notice 45-312 Proposed Prospectus Exemption for Distributions to Existing Security Holders, which ... Continued
When Must You Publicly Disclose a Letter of Intent?
Canadian reporting issuers are subject to reporting obligations if there has been a “material change” in their business.