Use of information memorandum as listing document so long as the applicant has not raised any capital in he previous 3 months and does not expect to in the next 3 months.  |
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|---|---|
| Rule: | IIA 4.4(2)(i)(a) |
| Date Requested: | Friday, February 23, 2007 |
| Requested By: | Dibbs Abbott Stillman |
| Date Approved: | Wednesday, March 21, 2007 |
| Approved By: | Compliance Committee |
| Issuer: | RGW |
| Securities: | RGWB |
| Description of Rule: | The Exchange may allow an issuer to provide an information memorandum setting out the matters specified in Appendix 1 but only if: (i) the applicant satisfies the Exchange that: (a) it has not raised any capital in the previous 3 months and does not expect it will raise capital in the next 3 months... |
| Waiver Requested: | Ricegrowers has operated a dividend reinvestment plan since 1996. The plan would be effective within 3 months of the intended listing date. Relief from LR 4.4(2) was sought to the extent necessary to allow Ricegrowers to provide an information memorandum setting out the matters spoecified in appendix 1 notwithstanding the operation of the dividend reinvestment plan within 3 months of the expected listing date. |
| Effect of Waiver: | The Exchange allows the application on behalf of Ricegrowers subject to there being no chnage to the dividend reinvestment plan rules within 3 months of listing. |