F., you can read the TSX regulations as they specifically refer to black out periods.

They state that "arrangements may provide that the expiration of the term of an option may be the later of a fixed expiration date, or a date shortly after the fixed expiration date should such date fall within, or immediately after, a black out period."

TSX will accept black out expiration periods if:

1. the conditional expiry date is only available when the black out period is self imposed by the listed issuer, (i.e. not subject to a cease trade order)

2. the extension of the term upon the end of the black out period is reasonable (i.e. five to ten business days) clearly defined in the plan and not subject to board discretion, and

3. the conditional expiry date is available to all eligible participants under the plan, under the same terms and conditions.