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