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Securities Law

Form 12A - Information required in prospectus of junior industrial issuer [F - Rescinded]

Published Date: 1997-06-27
Effective Date: 1997-06-25
Rescinded Date: 2000-12-31
Document(s):

TABLE OF CONTENTS

ITEM                 NAME                                                                                                   PAGE

1.                     FACE PAGE DISCLOSURE                                                                3

                        1.1           Required language                                                              3
                        1.2           Preliminary prospectus disclosure                                   4
                        1.3           Basic disclosure about the offering                                   4
                        1.4           Distribution spread                                                                5
                        1.5           Market for securities                                                               5
                        1.6           Risk factors                                                                              6
                        1.7           Public and insider ownership                                               6
                        1.8           Foreign issuers                                                                        6
                        1.9           Agent                                                                                           7 

2.                     TABLE OF CONTENTS                                                                            7

3.                     SUMMARY OF PROSPECTUS                                                                7 

4.                     CORPORATE STRUCTURE                                                                    8

                        4.1           Name and incorporation                                                           8
                        4.2           Intercorporate relationships                                                     9 

5.                     BUSINESS OF THE ISSUER                                                                    9

                        5.1           Description and general development                                   9
                        5.2           Summary and analysis of financial operations                     10
                        5.3           Stated business objectives                                                       13
                        5.4           Milestones                                                                                    13
                        5.5           Acquisitions and dispositions                                                  13
                        5.6           Management                                                                                15
                        5.7           Organizational structure                                                             16
                        5.8           Products                                                                                        16
                        5.9           Future developments                                                                  17
                        5.10         Proprietary protection                                                                 17
                        5.11         Operations                                                                                   18
                        5.12         Market                                                                                           19
                        5.13         Marketing plans and strategies                                               21
                        5.14         Administration                                                                             21

6.                     USE OF PROCEEDS                                                                                22

                        6.1           Funds Available                                                                         22
                        6.2           Principal purposes                                                                    22
                        6.3           Conflicts of interest                                                                    23

7.                     RISK FACTORS                                                                                           24 

8.                     DIRECTORS, OFFICERS AND PROMOTERS                                       25

                        8.1           Name, address, occupation and security holding                25
                        8.2           Aggregate ownership of securities                                          26
                        8.3           Other reporting issuers                                                              26
                        8.4           Corporate cease trade orders or bankruptcies                     26
                        8.5           Penalties or sanctions                                                                27
                        8.6           Individual bankruptcies                                                               27
                        8.7           Conflicts of interest                                                                      27

9.                     INDEBTEDNESS OF DIRECTORS, OFFICERS, PROMOTERS
                        AND OTHER MANAGEMENT                                                                      27

10.                    PAYMENTS TO INSIDERS AND PROMOTERS                                     28

                        10.1         Executive compensation                                                            28
                        10.2         Related party transactions                                                         28
                        10.3         Proposed compensation                                                           29 

11.                    SHARE CAPITAL                                                                                         29

                        11.1         Existing and proposed share capital                                       29
                        11.2         Options and other rights to purchase securities                   31
                        11.3         Fully diluted share capital                                                           32
                        11.4         Principal holders of voting securities                                       33
                        11.5         Performance shares or escrow securities                              34 

12.                    PLAN OF DISTRIBUTION                                                                           35

                        12.1         Terms of the distribution agreement                                        35
                        12.2         Minimum and maximum subscription                                      36
                        12.3         Secondary offering                                                                        36
                        12.4         Extraprovincial offerings                                                              36

13.                    DESCRIPTION OF SECURITIES OFFERED                                          36

                        13.1         Terms                                                                                             36
                        13.2         Modification of terms                                                                   37

14.                    SPONSORSHIP AND FISCAL AGENCY AGREEMENTS                      37

15.                    INVESTOR RELATIONS ARRANGEMENTS                                            38

16.                    RELATIONSHIP BETWEEN ISSUER OR SELLING SECURITY
                          HOLDER AND AGENT                                                                                 39

17.                    RELATIONSHIP BETWEEN ISSUER AND PROFESSIONAL PERSONS       40

18.                    LEGAL PROCEEDINGS                                                                              40 

19.                    AUDITOR                                                                                                        40 

20.                    REGISTRAR AND TRANSFER AGENT                                                      41 

21.                    MATERIAL CONTRACTS                                                                               41

                        21.1         Particulars of material contracts                                                  41
                        21.2         Inspection of material contracts                                                   41

22.                    OTHER MATERIAL FACTS                                                                           41

23.                    PURCHASERS' STATUTORY RIGHTS                                                      41 

24.                    FINANCIAL STATEMENTS, REPORTS AND OTHER EXHIBITS           43

25.                    CERTIFICATES                                                                                              43