Re: find it interesting that RVXCF.....
in response to
by
posted on
Nov 14, 2022 12:44PM
Koo,
After some digging, I believe shareholder's approval is required for the issuance, from treasury, for financing from an insider which would dilute shareholdings for more than >25% (or 10% for insiders as a group)
Source is the TSX Company manual, s. 611: https://decisia.lexum.com/tsx/m/en/item/454460/index.do#!b/Sec._611.
For the record, I am still trying to find a rule requiring shareholder approval for a private transaction between insiders, but cannot find one. I'm not yet convinced such a requirement exists.