Take-over Bids, RELEVANT THRESHOLDS Everyone here was right,,, ELD can buy up to 20% of Integra before triggering a take over !
WHEN THE REGULATORY RULES APPLY: RELEVANT THRESHOLDS
Take-over Bids
A “take-over bid” (or “bid”) means an offer to acquire outstanding voting or equity securities of a class made to any person who is in one of the provinces of Canada or to any securityholder of an offeree issuer whose last address as shown on the books of a target is in such province, where the securities subject to the offer to acquire, together with the “Offeror’s Securities”, constitute in the aggregate 20% or more of the outstanding securities of that class of securities at the date of the offer to acquire. See also “Calculation of Ownership for Early Warning Reporting, Insider Reporting and Take-over Bids”. Where used herein, references to a “target” include references to a company which is the subject of a take-over bid and a company the securities of which are otherwise being traded.
M2