GREY:BNCIF - Post by User
Comment by
TKingadvisoron Jan 30, 2015 8:59am
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Post# 23381087
RE:News 2 cents worth for everyone
RE:News 2 cents worth for everyonegoofenoff wrote: Existing Shareholder Exemption
Depending on demand and regulatory requirements, a portion of the Offering may be made in accordance with the provisions of the existing shareholder exemption (the " Existing Shareholder Exemption ") contained in Multilateral CSA Notice 45-313 and BC Instrument 45-354 and the various corresponding blanket orders and rules of participating jurisdictions (the Existing Shareholder Exemption is not available in Ontario or Newfoundland and Labrador and existing shareholders resident in countries other than Canada need to meet the applicable eligibility requirements, if any, in their jurisdiction of residence to participate). In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted and close personal friends and business associates of directors and officers of Big North.
Big North has set January 26, 2015 as the record date (the " Record Date ") for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the
Well good new is that only shareholders on record of January 26, 2015 would be eligible to purchase shares at $2 cents. The offering also available to directors of Big North. Its not that bad considering that if you are not an existing shareholders you still need to buy it from the public market.