GREY:LBEFF - Post by User
Comment by
ExSudburyGuy2on Oct 22, 2008 11:09am
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Post# 15540145
RE: Very telling information
RE: Very telling informationDrillbit.$0Just FYI. It's not an SEC clarification statement. It's mainly for the British Columbia and Alberta Securities Commissions... and the Ontario one too I would think since they're in charge of regulating stocks on the TSE.$0$0But regardless, I see it the same way.$0$0$0$0$0From the LBE release announcing the financing:$0$0$0 The offering is scheduled to close by October 15, 2008 and is subject to$0$0certain conditions including, but not limited to, receipt of all required$0$0regulatory approvals. The securities issued by Liberty in connection with$0$0these offerings are subject to a 4-month "hold period" as prescribed by the$0$0TSX.$0$0$0$0$0They don't specify the "certain condition" but I would expect one of them would be that they are NI43-101 compliant. Since they're not, I don't see the financing happening.$0$0$0$0$0