Search within this section
Select a section below and enter your search term, or to search all click Financial Reporting Manual
Favorited Content
16110 Rights Offer
us SEC - Financial Reporting Manual
16110.1 To encourage Canadian issuers to extend rights offers to their U.S. shareholders (rather than cash them out in order to avoid U.S. registration), MJDS Form F-7 is available for Securities Act registration in connection with such offers. Form F-7 acts as a wraparound for the relevant Canadian offering documents. No reconciliation to U.S. GAAP is required for financial statements included under cover of that Form.
16110.2 To be eligible, an issuer must:
a. | be incorporated or organized in Canada and be a foreign private issuer; |
b. | have been reporting for the preceding 36 months to Canadian securities regulatory authorities; |
c. | have been listed for the preceding 12 months on the Montreal or Toronto Stock Exchange or the Senior Board of the Vancouver Stock Exchange
; and |
d. | be currently in compliance with its reporting and listing obligations. |
In addition:
e. | the rights may not be transferable other than in accordance with Regulation S, and |
f. | the rights must be granted to U.S. holders on terms no less favorable than those extended to any other holder of the same class of securities. |
14 The Vancouver Stock Exchange is now called the TSX Venture Exchange.
This is a work of the U.S. Government
Link copied
