62-501 - Take Over Bids and Going Private Transactions [BCI - Rescinded]
1. the attached BC Instrument 62-501 entitled “Take Over Bids and Going Private Transactions” is made; and
2. BOR#97/7 is revoked.
DATED at Vancouver, British Columbia, on March 28, 2001.
Brent W. Aitken
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:- Securities Act, sections 114(2)(c), 171
BC INSTRUMENT 62-501 (Previously BOR#97/7)
TAKE OVER BIDS AND GOING PRIVATE TRANSACTIONS
Order Under Section 114(2)(c) of theSecurities Act
Exemption from Valuation Requirements
An offeror is exempt from the requirements of section 162(2) of the Securities Rules if those requirements arise solely because the offeror anticipates that a going private transaction will follow the take over bid.