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Are you an Ontario Company with mining interests? If so, there are new rules to follow
- 12-10-2018
- By Pilot Law LLP
On December 16,2018 all existing Ontario Business Corporations Act (“OBCA”) companies will need to comply with Section 140.11 of the OBCA, which requires companies to keep a register of all “ownership interests in land” in Ontario. For mining companies, such interests established under the Mining Act (Ontario)2 can include: (i) Patented…
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Pilot Law is very pleased to welcome Howard G. Hampton, former Attorney General of Ontario as a colleague
- 12-05-2018
- By Pilot Law LLP
From another General: “The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office.” – Dwight Eisenhower, 34th President of the United States, and former General of…
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Note: In Canada, unlike the US, the ability of a board to “just say no” to an unsolicited hostile bid has not been generally accepted. But there maybe ways for a board to “say no” instead of “just saying no”.) It’s a Friday evening in mid-December. Peoples’ thoughts are on…
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Practice reminder: do the math
- 11-26-2018
- By Pilot Law LLP
Even lawyers that thoroughly enjoy the art of drafting legal documents sometimes make basic, preventable mistakes. These can take the form of misplaced or missing punctuation, failure to define a term, or failure to review boilerplate, among others. Many times these errors will not materialize into adverse consequences, as is…
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At-the-market offerings & the shelf prospectus
- 11-20-2018
- By Pilot Law LLP
We are occasionally asked whether public companies can conduct at-the-market offerings (ATMs) in Canada. The answer is yes. While they are more common in the U.S., ATMs are also used by public companies to raise capital in Canada. In a Canadian ATM, an issuer’s equity securities are sold in a…