Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Category Archives: Mining

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Market Intelligence? The Limits of Market Custom and Why Market Practice May not be Best Practice

Posted in Capital Markets, Contested Situations, Corporate Governance, Mergers and Acquisitions, Mining
The views expressed in this post, as in all of my posts, are mine alone and should not be taken to represent the views of Fasken Martineau DuMoulin LLP. “That’s off market.” As a deal lawyer, I’ve heard that phrase more times than I care to remember.  It’s supposed to be a knock-down argument.  We’re… Continue Reading

Understanding the results of the Continuous Disclosure Review Program

Posted in Continuous Disclosure, CSA, Mineral Projects, Mining, Securities Regulatory Authorities
On July 16, 2015 the Canadian Securities Administrators (CSA) released CSA Staff Notice 51-344 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2015 summarizing the results of their Continuous Disclosure Review Program (Program).  The purpose of the Program is to monitor the compliance of continuous disclosure documents prepared by reporting issuers… Continue Reading

CSA: Room for Improvement in Mining Company Investor Presentations

Posted in BCSC, Continuous Disclosure, Disclosure, Mineral Projects, Mining, OSC, Securities Regulatory Authorities
NI 43-101 sets out the requirements of the Canadian Securities Administrators (CSA) for disclosure of information about mining projects, including the requirement that the disclosure of scientific and technical information about a material mineral property be approved by a qualified person and, where necessary, supported by a technical report.  Since its adoption in 2001, members… Continue Reading

TSXV Revises Definition of Tier 1 Property

Posted in Continuous Disclosure, Corporate Finance, Mineral Projects, Mining, Stock Exchanges, TSXV
On May 6, 2014, the TSX Venture Exchange (TSXV) amended the definition of “Tier 1 Property” contained in Policy 1.1 – Interpretation of the TSXV Corporate Finance Manual (TSXV Manual). The TSXV views its Tier 1 as its premier tier reserved for its most advanced issuers with the most significant financial resources.  As such, the… Continue Reading

New Venture Issuer Disclosure

Posted in Continuous Disclosure, Corporate Governance, CSA, Directors and Officers, Executive Compensation, Mining, Securities Regulatory Authorities
On May 22, 2014 the Canadian Securities Administrators (CSA) published, for a 90 day comment period, proposed amendments to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 41-101 General Prospectus Requirements (NI 41-101) and National Instrument 52-110 Audit Committees (NI 52-110) (collectively, the Proposed Amendments). In July 2011 and September 2012, the CSA… Continue Reading

CSA Issues Staff Notice 43-308 (Revised) – Approves Additions to the List of Foreign Associations and Membership Designations under National Instrument 43-101

Posted in CSA, Mining, Securities Registration and Compliance, Securities Regulatory Authorities
On February 21, 2013, the Canadian Securities Administrators issued CSA Staff Notice 43-308 (Revised) confirming the addition of two “professional associations”: (i) The Institution of Engineers Australia (Engineers Australia); and (ii) The Institution of Professional Engineers New Zealand (Engineers New Zealand, IPENZ) to the list of foreign professional associations in Appendix A of Companion Policy… Continue Reading