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ARTICLE · 03 JULY 2019

OSC Encourages Pre-Filing Reviews Of Mining Disclosure

On June 6, 2019, the Ontario Securities Commission (OSC) published a staff notice encouraging mining issuers to request reviews of their technical disclosure prior to filing a preliminary short form

CanadaEnergy and Natural Resources

On June  6, 2019, the Ontario Securities Commission (OSC) published a staff notice encouraging mining issuers to request reviews of their technical disclosure prior to filing a preliminary short form prospectus. According to the OSC, such a pre-filing review will reduce uncertainty for reporting issuers by identifying disclosure concerns before a preliminary short form prospectus is filed, and thus help to avoid delays once an offering has been launched.

Under the announced process, the OSC will, pursuant to a request by the reporting issuer, complete a review of the issuer's publicly-filed technical disclosure found in documents previously filed on SEDAR and on the issuer's website. The review will assess the issuer's current annual information form, news releases and material change reports, current technical reports, and investor presentations. According to the staff notice, the OSC will focus on identifying any material issues that could undermine the reporting

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