RE:RE:UH North has sold ZERO shares in April and NaySorry I meant SEDI not SEDAR.
You are correct in that there is no filing in SEDI from North and the reason, again, is that if an entity holds less than 10% of the outstanding shares they won`t report because they are not obliged to.
If they hold above the 10% threshold then they have to report for every 2% they either sell or buy if I`m accurately updated. And as North holds less than 10% no reporting to SEDI/Canada unless they buy more shares and ends up above 10%. Before the recent sell they held 9.82% and now after they sold they sit on 8.64%.
But again, they are also listed on the LSE and the Brits got their own reporting rules which is applicapable to TXP shareholders and over there the threshold is 5% for institutions and 3% for private individuals (again if I`m accurately updated) and once you`re above that line you have to report for evey >1% sell or buy.
And as North held 9.82% before the sell they are way above that 5% number and as they sold 1.18% of the total shares they had to report it to the LSE, and they in turn sent out an RNS (Regulatory News Service), and that RNS is my proof of all this.
Hope that helps, here you go:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TXP/14531312.html TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
| |
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Touchstone Exploration Inc. |
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
| | |
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
| An acquisition or disposal of voting rights | x |
| An acquisition or disposal of financial instruments | |
| An event changing the breakdown of voting rights | |
| Other (please specify)iii: | |
| 3. Details of person subject to the notification obligationiv |
| Name | North Energy ASA |
| City and country of registered office (if applicable) | Oslo, Norway |
| 4. Full name of shareholder(s) (if different from 3.)v |
| Name | |
| City and country of registered office (if applicable) | |
| 5. Date on which the threshold was crossed or reachedvi: | 05/05/20 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 06/05/20 |
| 7. Total positions of person(s) subject to the notification obligation |
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii |
| Resulting situation on the date on which threshold was crossed or reached | 8.64% | | 8.64% | 183,489,395 |
| Position of previous notification (if applicable) | 9.82% | | 9.82% |