RE:RE:RE:RE:Accurate informations about 2023 Private Placements TOCKY8008 wrote: Dalesio_98,
I read part of NATIONAL INSTRUMENT 45-106 PROSPECTUS EXEMPTIONS.
Specifically part 5a. section i state :
"at the time of the distribution, the issuer reasonably expects that the issuer will
have available funds to meet its business objectives and liquidity requirements
for a period of 12 months following the distribution;
Therefore, the AMF did not think PYR add enough funds...at that point.
Putting a Halt on the 10M PP.
After discussions , PYR counld not convince the AMF and the 5M PP took place NOT accordance with National Instrument 45-106 – Prospectus Exemptions but under other regulations
I stand corrected,I interpreted it the other way around.
Thanks.
TOCKY8008
They were at the time pursuing the witchhunt , trying to milk Peter for 10 million. Let's not beat around the bush and question why they blocked that PP.
Fact remains, well over 12 months later the company is still operating.