Notice of Commission Approval: OSC Rule - 62-503 - Financing of Take-Over Bids and Issuer Bids

NOTICE OF COMMISSION APPROVAL

RULE 62-503 -- FINANCING OF TAKE-OVER BIDS AND ISSUER BIDS

The Commission is publishing Rule 62-503 -- Financing of Take-over Bids and Issuer Bids in today's Bulletin. The Rule clarifies the bid financing requirement that is set out in section 96 of the Securities Act by confirming the extent to which conditionality in a bid financing arrangement is acceptable.

The Rule was sent to the Minister of Government Services on October 20, 2005. It is published in Chapter 5 of this Bulletin.