Yes, they are fussy about blackout periods in Canada. There are no printed rules, every public company must create its own protocol for its insiders to follow. Generally speaking, small companies often observe the following blackout periods: 1) prior to routine financial results announcements, about 2 weeks; and 2) prior to major restructuring news such as planned mergers or takeovers, up to 2 months. Not sure about drilling results, probably closer to 2 weeks than 2 months.
But VIT is done buying another company, or so we thought, and results are out. Still, no insider buying. Does this mean they're working on another acquisition or merger ...