RE: RE: RE: RE: RE: permit
Just a short exerpt
https://www.tmx.com/en/pdf/PolicyStatementOnTimelyDisclosure.pdf
Rule: Immediate Disclosure
A listed company is required to disclose material information
concerning its business and affairs forthwith upon the information
becoming known to management, or in the case of
information previously known, forthwith upon it becoming
apparent that the information is material. Immediate release
of information is necessary to ensure that it is promptly available
to all investors and to reduce the risk of persons with
access to the information acting upon undisclosed information.
Unusual trading marked by significant changes in the price
or trading volumes of any of a company’s securities prior to the
announcement of material information is embarrassing to
company management and damaging to the reputation of the
securities market, since the investing public may assume that
certain persons benefited from access to material information
which was not generally disclosed.
Developments to be Disclosed
Companies are not required to interpret the impact of external
political, economic and social developments on their affairs,
but if the external development will have or has had a direct
effect on their business and affairs that is both material in the
sense outlined above and uncharacteristic of the effect generally
experienced as a result of such development by other companies
engaged in the same business or industry, companies are urged,
where practical, to explain the particular impact on them. For
example, a change in government policy that affects most companies
in a particular industry does not require an announcement,
but if it affects only one or a few companies in a material way,
an announcement should be made.
The market price of a company’s securities may be affected by
factors directly relating to the securities themselves as well as
by information concerning the company’s business and affairs.
For example, changes in a company’s issued capital, stock
splits, redemptions and dividend decisions may all impact upon
the market price of a security.
Other actual or proposed developments that are likely to
give rise to material information and thus to require prompt
disclosure include, but are not limited to, those listed below.
Of course, any development must be material according to the
definition of material information before disclosure is required.
Many developments must be disclosed at the proposal stage, or
before an event actually occurs, if the proposal gives rise to
material information at that stage. Announcements of an intention
to proceed with a transaction or activity should be made
when a decision has been made to proceed with it by the board
of directors of the company, or by senior management with
the expectation of concurrence from the board of directors.
Subsequently, updates should be announced at least every 30
days, unless the original announcement indicates that an update
will be disclosed on another indicated date. In addition, prompt
disclosure is required of any material change to the proposed
transaction, or to the previously disclosed information.
Examples of developments likely to require prompt disclosure
as referred to above include the following:
a) Changes in share ownership that may affect control of
the company.
b) Changes in corporate structure, such as reorganizations,
amalgamations, etc.
c) Take-over bids or issuer bids.
d) Major corporate acquisitions or dispositions.
e) Changes in capital structure.
f ) Borrowing of a significant amount of funds.
g) Public or private sale of additional securities.
h) Development of new products and developments affecting
the company’s resources, technology, products or market.
i) Significant discoveries by resource companies.
j) Entering into or loss of significant contracts.
k) Firm evidence of significant increases or decreases in
near-term earnings prospects.
l) Changes in capital investment plans or corporate objectives.
m) Significant changes in management.
n) Significant litigation.
o) Major labour disputes or disputes with major contractors
or suppliers.
p) Events of default under financing or other agreements.
q) Any other developments relating to the business and affairs
of the company that would reasonably be expected to significantly
affect the market price or value of any of the company’s
securities or that would reasonably be expected to
have a significant influence on a reasonable investor’s
investment decisions.