As fuzzyjr wrote and others (includiing myself) are questionning.. "This is clearly material and I even have to question whether a legal mistake was made when they decided not to news release this amendment."
I recently purchased additional shares and would have held off doing so if I was provided this news.
Was this indeed a requirement? We need to verify that rules are being followed to the letter of the law.
The rules are black and white...
The Toronto Stock Exchange (TSX) define material information as any information (including both material facts and material changes) relating to the business and affairs of a company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the company's listed securities
Material information. A company must disclose material information concerning its business and affairs immediately after management become aware of the existence of material information, or in the case of information previously known, upon it becoming apparent that the information is material.
I am not passing judgement - I would just like the facts as I am very concerned.
LONG