Live Breaking News & Updates on Written by kris hanc

Stay informed with the latest breaking news from Written by kris hanc on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Written by kris hanc and stay connected to the pulse of your community

Capital Markets Tribunal Keeps High Bar to Establish Improper Defensive Private Placement

On March 11, 2024, the Ontario Capital Markets Tribunal Tribunal released its reasons for dismissing Mithaq Capital Inc.'s Mithaq application on December 14, 2023, to cease trade a private placement that Aimia Inc. Aimia completed in October 2023. Mithaq asserted that the private placement was conducted as an improper defensive tactic under National Policy 62-202—Take-Over Bids—Defensive Tactics of the Canadian Securities Administrators and was designed to thwart Mithaq's then-recently launched takeover bid for Aimia. Ultimately, the Tribunal found that the private placement was conducted for a legitimate business purpose to meet Aimia's serious and immediate financing needs.

Canada , Toronto , Ontario , Canadian , Christopher-doucet , Kruti-sheth , Mithaq-capital-inc , Toronto-stock-exchange , Aimia-inc , Hecla-mining-company-re , Written-by-kris-hanc , Ontario-capital-markets-tribunal

OSC Provides Guidance on "Necessary Course of Business" Exception to Prohibition Against Tipping

In a recent decision, Kraft Re Kraft, the Ontario Capital Markets Tribunal the Tribunal articulated clear guidance with respect to the application of the necessary course of business NCOB exception to the prohibition against selective disclosure or tipping contained in the Ontario Securities Act the OSA. This decision is significant insofar as it clarifies how rules surrounding tipping are to be interpreted and applied, and establishes a clearer framework as to how issuers and insiders should navigate their obligations with respect to material non-public information MNPI.

Canada , Canadian , Kim-lawton , Laura-fraser , Oscar-crawford-ritchie , Aaron-sonshine , Entourage-health-corp , Staff-of-the-ontario-securities-commission , Venture-exchange , Perfect-pick-farms-ltd , Written-by-kris-hanc , Ontario-capital-markets-tribunal