Securities Law

62-501 - Take Over Bids and Going Private Transactions [BCI - Rescinded]

Published Date: 2001-03-30
Effective Date: 2001-03-28
Rescinded Date: 2008-02-01
The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders that:

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
Member



(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
Other (specify):-




BCI#62-501

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.