51-102F4 - Business Acquisition Report [F Proposed - Lapsed]

(a)What is a Business Acquisition Report?

Your company must file a Business Acquisition Report after completing a significant acquisition. See Part 8 of National Instrument 51-102. The Business Acquisition Report describes the acquired business and the impact of the acquisition on your company.

(b)Use of “Company”

Wherever this Form uses the word “company”, the term includes other types of business organizations including partnerships, trusts and other unincorporated business entities.

(c)Focus on Relevant Information

When providing the disclosure required by this Form, focus your discussion on information that is relevant to an investor, analyst or other reader.

(d)Incorporating Material By Reference

Attach the financial statements required by Item 3 of this Form. You may incorporate information required by this Form by reference to another document other than a news release or material change report filed in respect of the significant acquisition. Clearly identify the referenced document, or any excerpt of it, that you incorporate into this Report. Unless the referenced document or excerpt has already been filed, you must file it with this Report.

(e)Defined Terms

If a term is used but not defined in this Form, refer to the securities statute of the local jurisdiction, to Parts 1 and 8 of National Instrument 51-102 and to National Instrument 14-101Definitions.

(f)Plain Language

Write this document so that readers are able to understand this Report. Consider both the level of detail provided and the language used in the document. Refer to the plain language principles listed in section 1.4 of Companion Policy 51-102CP. If you use technical terms, explain them in a clear and concise manner.

(g)Numbering / Headings

The numbering, headings and ordering of items included in this Form are guidelines only. You do not need to include the headings or numbering or follow the order of items in this Form. Disclosure provided in response to any item need not be repeated elsewhere.

Part 2 - Content of Business Acquisition Report

Item 1: Identity of Company

1.1 Name and Address of Company

State the full name of your company and the address of its principal office in Canada.

1.2 Executive Officer

Give the name and business telephone number of an executive officer of your company who is knowledgeable about the significant acquisition and the Report, or the name of an officer through whom such executive officer may be contacted.

Item 2: Details of Acquisition

2.1Nature of Business Acquired

Describe the nature of the business acquired.

2.2 Date of Acquisition

State the date of acquisition used for accounting purposes.

2.3 Consideration

Disclose the type and amount of consideration, both monetary and non-monetary, paid or payable by your company in connection with the significant acquisition, including contingent consideration. Identify the source of funds used by your company for the acquisition, including a description of any financing associated with the acquisition.

2.4 Material Obligations

Describe any material obligations that must be met to keep any agreement relating to the significant acquisition in good standing.

2.5 Effect on Financial Position

Describe any plans or proposals for material changes in your business affairs or the affairs of acquired business which may have a significant effect on the results of operations and financial position of your company. Examples would include any proposal to liquidate the business, to sell, lease or exchange all or a substantial part of its assets, to amalgamate the business with any other business organization or to make any material changes to your business or the business acquired such as changes in corporate structure, management or personnel.

2.6 Prior Valuations

Describe in sufficient detail any valuation opinion obtained by the acquired business oryour company within the last 12 months required under securities legislation or a requirement of a Canadian exchange or market to support the consideration paid by your company or any of its subsidiaries for the business, including the name of the author, the date of the opinion, the business to which the opinion relates, the value attributed to the business and the valuation methodologies used.

2.7 Parties to Transaction

State whether the transaction is with an insider, associate or affiliate of your company and, if so, the identity and the relationship of the other parties to your company.

2.8Date of Report

Date the Report.

Item 3: Financial Statements

Include the financial statements required by Part 8 of National Instrument 51-102.