RE:"cooling off period" on an offering Furthermore this is from a US website for US listed companies-BUT-the OSC as the oversteer comittee for the TSE-and the TSE parent to the TSX which is still like the wild wild west
be it related to in the normal course of businessd related to selective disclosure to accredited investors so that a PP can be closed is undertaken-still follow the US SEC rules to a tee up north of the 49th parallel.
"Communications by issuers more than 30 days before filing a registration statement will be permitted so long as they do not reference a securities offering that is the subject of a registration statement.'
A PP be in on a US capital market or a Canadian based one constitutes a registration statement.
Most all quiet periods occur prior to a earnings announcement and IPO's-and the area is more gray where it comes to secondary financings-some follow internal practises vs governance-some selectively don't follow any adherence at all but that practise is generlly frowned upon since Reg FD in the US became a standard SED regulation post 2000 bubble pop.SS
Later
SS