RE:RE:RE:RE:RE:Can anyone enlighten please...For anyone who didn't go to the article I posted, I found the following interesting and promising...
The material fact and material change analysis often arises in regards to the existence of negotiations related to a sale or acquisition transaction. The existence of such negotiations is likely a material fact, but as outlined above, TSX rules permit issuers to keep such material information confidential in certain circumstances. In regards to provincial securities legislation, a review of relevant regulatory decisions suggests that the existence of negotiations related to a sale or acquisition transaction would likely not rise to the level of a material change until all proposed parties are firmly committed. We expect that this "firm commitment" would generally occur once all proposed parties have received the required board approvals and definitive agreements have been executed; however, this determination would ultimately need to be made on a case by case basis.