Form 23 - Notice of Intention To Sell And Declaration [F - Rescinded]
Published Date: | 1988-08-12 |
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Effective Date: | 1988-09-01 |
Rescinded Date: | 1997-06-25 |
This is the form required under section 136 of the Securities Rules.
FORM 23
Securities Act
NOTICE OF INTENTION TO SELL AND DECLARATION
(Please refer to the instructions before completing the information below.)
Notice and Declaration by a control person of a proposed distribution of a security under section 74(2)(1), (3), (4), (6) or (16)(ii) of the Securities Act, R.S.B.C. 1996, c. 418 or section 128(d) of the Securities Rules, R.B.C. Reg. 194/97.
- Name, address and telephone number of the issuer of the security.
____________________________________________________
Name of issuer
____________________________________________________
Address
(_____)______________________________________________
Telephone number - Name, address and telephone number of the selling control person.
_____________________________________________________
Name of control person
_____________________________________________________
Address
(_____)______________________________________________
Telephone number - State whether the control person is a director or officer of the issuer (if an officer, state title).
_____________________________________________________ - Describe the type of security of the issuer and the number beneficially owned, directly or indirectly, by the control person.
Type of Security | Number of Securities Owned |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
5. Describe the type of security of the issuer and the number proposed to be sold by the control person.
Type of Security | Number of Securities to be Sold |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
__________________________________ |
_________________________________ |
6. Circle and complete clause (a) or (b) as applicable:
(a) The securities will be sold privately.
Name and Address of Purchaser | Number of Securities to be | Proposed Date of Sale |
______________________________ |
____________________________ |
___________________ |
______________________________ |
____________________________ |
___________________ |
______________________________ |
____________________________ |
___________________ |
______________________________ |
____________________________ |
___________________ |
______________________________ |
____________________________ |
___________________ |
(b) The securities will be sold on an exchange.
Name of Exchange | Proposed Commencement Date of Sale |
________________________________ |
______________________________________________ |
________________________________ |
______________________________________________ |
________________________________ |
______________________________________________ |
________________________________ |
______________________________________________ |
________________________________ |
______________________________________________ |
7. If this form is not an initial Form 23, provide the following information:
(a) date of the initial Form 23
___________________________
(b) date of the most recently
filed renewal Form 23
___________________________
(c) number of securities
proposed to be sold in
the initial Form 23
___________________________
(d) number of securities sold
from the date of the initial
Form 23 to the date of this
renewal Form 23___________________________
(e) number of securities proposed
to be sold in the initial Form 23
that are no longer for sale
___________________________(f) number of securities remaining
for sale___________________________
DECLARATION AND CERTIFICATE OF CONTROL PERSON
I declare and represent that:
(a) I am a control person of the issuer;
(b) I am aware that a sale of securities by a control person is a distribution subject to the requirements of securities legislation, and any hold periods and other conditions of resale applicable to the securities will be satisfied on or before the distribution of the securities; and
(c) I have no knowledge of a material fact or material change with respect to the issuer of the securities which has not been generally disclosed.
I hereby certify that the statements made in this notice are true and correct.
DATED at ____________________ this ________ day of __________________19___
__________________________________
Name of control person (please print)
__________________________________
Signature of control person or, if the
control person is a company, signature of
authorized signatory
__________________________________
Name and office of authorized signatory
(please print)
IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A RECORD REQUIRED TO BE FILED OR PROVIDED UNDER THE SECURITIES ACT OR SECURITIES RULES THAT, AT THE TIME AND IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
INSTRUCTIONS:
- If the space provided for any answer is insufficient, additional sheets may be used. Each additional sheet must be cross referenced to the relevant section of the Form 23 and signed by the person who signs the form.
- An initial Form 23 must be filed with the British Columbia Securities Commission and with each exchange in Canada on which the securities proposed to be sold are listed, at least 7 days before the initial sale of the securities.
- An initial Form 23 and any renewal Form 23 must be signed by the control person not more than 24 hours before it is filed.
- If the control person is selling securities in reliance on an exemption under section 74(2) of the Act, or section 128(d) of the Rules, or under an order issued under section 76 of the Act, the control person must file an insider report in the required form on or before the 3rd day after the distribution of the securities. The required form is Form 36.
- An initial Form 23 is valid for a maximum of 60 days. If the control person intends to continue selling the securities beyond the 60 day period, a renewal Form 23 must be filed with the Commission and the exchanges before the end of the 60 day period. A renewal Form 23 is valid for a maximum of 28 days and must be continually renewed before the end of each 28 day period as long as the control person intends to continue selling the securities.
- If the control person has sold all the securities proposed to be sold in the initial Form 23, or if any of those securities are no longer for sale, the control person must file a Form 23 with the Commission and the exchanges stating the number of securities that have been sold, or are no longer for sale. The form must be filed before the end of the 60 day period if the control person has only filed an initial Form 23, or before the end of the 28 day period if a renewal Form 23 has been filed.
- An initial Form 23 and any renewal Form 23 filed with the Commission must be accompanied by a completed Fee Checklist and the required fee. In order to determine the fee payable, consult item 31 of section 22 of the Securities Regulation, R.B.C. Reg. 196/97. Cheques should be made payable to the "British Columbia Securities Commission".
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Freedom of Information and Protection of Privacy Act: The personal information requested on this form is collected under the authority of and used for the purpose of administering the Securities Act. Questions about the collection or use of this information can be directed to the Supervisor, Insider Reporting (604-899-6548), 200 - 865 Hornby Street, Vancouver, British Columbia V6Z 2H4. Toll Free in British Columbia 1-800-373-6393.
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