RE:RE:RE:Lab results from anybody?Pretty much the case, Kewl. This is quoted re:SEC, but it is pretty much the same concept in Canada, although it is important for the companies to be aware of the rules of the pertinent provincial/regional authority regulations under which the company is operating.
There is no time "schedule" regardling release of information, but there are controls in place regarding "selective disclosure" of material data.
" when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information.
The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. "