Pyrogenesis Canada Inc T.PYR

RE:RE:Question: Rules regarding news releases

[MakeItRain1]

Thanks developbc. Much appreciated

developbc wrote:

MakeItRain1 wrote: Is there any rules regarding time limits on news releases ? Can a company hold onto news for a period of time ? Any insight on news release rules even if it is not related to my question would be greatly appreciated. Thanks

Long(s) live PyroGenesis !!

Here are general points in regards to timely disclosure..rarely can withhold :

The TSX, for the purposes of its timely disclosure rules, has outlined examples of instances in which disclosure might be unduly detrimental, including where disclosure of information 

1. would prejudice an issuer's ability to pursue specific and limited objectives or to complete a transaction or series of transactions that are under way, 
2. would put the issuer at a significant competitive disadvantage, or 
3. concerning the status of ongoing negotiations would prejudice the successful completion of those negotiations. 

The TSX states that the withholding of information based on the above standard must be infrequent and can only be justified where the potential harm to the issuer or investors caused by immediate disclosure may reasonably be considered to outweigh the undesirable consequences of delaying disclosure. 

The TSX discourages delaying disclosure for a lengthy period of time, as the preservation of confidentiality becomes more difficult over time. Where an issuer chooses to delay disclosure of confidential information, the issuer should take precautions to reduce the risk of premature disclosure of the information. Such precautions would include, among other things, limiting the number of people within and outside of the organization to whom the information is disclosed, and monitoring movements in the issuer's stock.