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ARTICLE · 23 FEBRUARY 2012

Exemptions To New BC 45-106F6 Reporting

Effective October 3, 2011, the British Columbia Securities Commission adopted a new form for reports of exempt distribution, Form 45-106F6 British Columbia Report of Exempt Distribution.

CanadaEnergy and Natural Resources

Effective October 3, 2011, the British Columbia Securities Commission adopted a new form for reports of exempt distribution, Form 45-106F6 British Columbia Report of Exempt Distribution. An issuer distributing securities in British Columbia under certain prospectus exemptions is required to use the new Form 45-106F6 for distributions occurring on or after October 3, 2011. On December 9, 2011, the Commission ordered, under BC Instrument BCI 45-533 Exemptions from Form 45-106F6 requirements, that certain issuers and underwriters are exempt from Form 45-106F6 requirements. Certain of these exemptions allow certain issuers and underwriters to file the old Form 45-106F1 Report of Exempt Distribution, while others relieve issuers and underwriters from the insider information requirements in item 4 of Form 45-106F6.

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