Post by
Sazabi on Sep 09, 2021 12:27pm
WELL SEDAR report
You you guys input on this one. In the SEDAR report Decision document from date of sep 8, they mentioned in the receipt for Multilateral Instrument 11-102 passport system. You guys ever heard of this?
RECEIPT WELL Health Technologies Corp. This is the receipt of the British Columbia Securities Commission for the Preliminary Short Form Base Shelf Prospectus of the above Issuer dated September 7, 2021 (the preliminary prospectus). This receipt also evidences that the Ontario Securities Commission has issued a receipt for the preliminary prospectus. The preliminary prospectus has been filed under Multilateral Instrument 11-102 Passport System in Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut and Northwest Territories. A receipt for the preliminary prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied. September 8, 2021
Comment by
monty613 on Sep 09, 2021 12:48pm
it's just a filing mechanism so the prospectus is OK'd by all provincial governing bodies (each province has a different securities commission) - nothing to see here. a $500MM offering is a big number and this indicates something huge could be coming. WELL has a lot of capital already, and backing from Li Ka Shing, so this could represent a real game changer of an acquisition.