Notice of Ministerial Approval: OSC Rule - 45-501 - Ontario Prospectus and Registration Exemptions

NOTICE OF MINISTERIAL APPROVAL

AMENDMENT AND RESTATEMENT OF RULE 45-501 - EXEMPT DISTRIBUTIONS,

COMPANION POLICY 45-501CP - EXEMPT DISTRIBUTIONS,

FORM 45-501F1, FORM 45-501F2 AND FORM 45-501F3

AND

RESCISSION OF EXISTING RULE 45-501 - EXEMPT DISTRIBUTIONS,

COMPANION POLICY 45-501CP - EXEMPT DISTRIBUTIONS,

FORM 45-501F1, FORM 45-501F2 AND FORM 45-501F3

On December 24, 2003, the Minister of Finance approved, pursuant to subsection 143.3(3) of the Securities Act (Ontario), amended and restated Rule 45-501 - Exempt Distributions, amended and restated Companion Policy 45-501CP - Exempt Distributions and amended and restated Forms 45-501F1, 45-501F2 and 45-501F3 (collectively, the Materials). Also, on December 24, 2003, the Minister of Finance approved the rescission of existing Rule 45-501 - Exempt Distributions, existing Companion Policy 45-501CP - Exempt Distributions and existing Forms 45-501F1, 45-501F2 and 45-501F3.

The Materials were previously published in the Bulletin on November 7, 2003. The Materials will come into force on January 12, 2004.

The Materials are published in Chapter 5 of this Bulletin.