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Location: TSX Company Manual > Part VI Changes in Capital Structure of Listed Issuers > L. Normal Course Issuer Bids > Effect of Amendments to Sections 628, 629, 629.2 & 629.3 > Sec. 629.3.

Effect of Amendments to Sections 628, 629, 629.2 & 629.3

M. Sales from Control Block through the Facilities of the Exchange

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(1 version)

Jun 1 2007 onwards

Sec. 629.3.

The amendments to Sections 628, 629, 629.2 and 629.3 will become effective on June 1, 2007 (the "Effective Date"). On the Effective Date, the remaining provisions within Appendix F will be repealed (the "Former Rules"). The provisions regarding exchange take-over bids, exchange issuer bids and normal course purchases were previously repealed as of January 1, 2005. However, the Former Rules will continue to apply only to those listed issuers who are eligible to be grandfathered under the Former Rules until the expiry of their NCIB.

As of the Effective Date:

1. all Notices of Intention to Make a Normal Course Issuer Bid or Debt Substantial Issuer Bid filed on or after the Effective Date must be in accordance to the amendments;

2. Issuer Bids whose commencement date was prior to the Effective Date, or which TSX has accepted notice thereof in writing prior to the Effective Date but have not yet commenced, may comply with the Former Rules in effect at the time of acceptance until the expiry of the bid; and

3. Issuer Bids that are eligible to be grandfathered under the Former Rules may choose to comply with the amendments, provided that a revised Notice of Intention is accepted by TSX and a press release reflecting the revisions is released at the time of acceptance.

Effect of Amendments to Sections 628, 629, 629.2 & 629.3

M. Sales from Control Block through the Facilities of the Exchange

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