EX-99.37 38 tm2110407d1_ex99-37.htm EXHIBIT 99.37

 Exhibit 99.37

 

Form 45-106F1 Report of Exempt Distribution

 

A.General Instructions

 

1.Filing instructions

 

An issuer or underwriter that is required to file a report of exempt distribution and pay the applicable fee must file the report and pay the fee as follows:

 

In British Columbia – through BCSC eServices at http://www.bcsc.bc.ca.

In Ontario – through the online e-form available at http://www.osc.gov.on.ca.

In all other jurisdictions – through the System for Electronic Document Analysis and Retrieval (SEDAR) in accordance with National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) if required, or otherwise with the securities regulatory authority or regulator, as applicable, in the applicable jurisdictions at the addresses listed at the end of this form.

 

The issuer or underwriter must file the report in a jurisdiction of Canada if the distribution occurs in the jurisdiction, and the issuer or underwriter is relying on a specific exemption from the prospectus requirement set out in section 6.1 of the Instrument. The requirement to file this report might also be a condition of a prospectus exemption provided in a national, multilateral or local rule or instrument, or a condition of an exemptive relief order. If a distribution is made in more than one jurisdiction of Canada, the issuer or underwriter may satisfy its obligation to file the report by completing a single report identifying all purchasers, and file the report in each jurisdiction of Canada in which the distribution occurs. Filing fees payable in a particular jurisdiction are not affected by identifying all purchasers in a single report.

 

In order to determine the applicable fee in a particular jurisdiction of Canada, consult the securities legislation of that jurisdiction.

 

2.Issuers located outside of Canada

 

If an issuer located outside of Canada determines that a distribution has taken place in a jurisdiction of Canada, include information about purchasers resident in that jurisdiction only.

 

3.Multiple distributions

 

An issuer may use one report for multiple distributions occurring within 10 days of each other, provided the report is filed on or before the 10th day following the first distribution date. However, an investment fund issuer that is relying on the exemptions set out in subsection 6.2(2) of NI 45-106 may file the report annually in accordance with that subsection.

 

4.References to purchaser

 

References to a purchaser in this form are to the beneficial owner of the securities.

 

However, if a trust company, trust corporation, or registered adviser described in paragraph (p) or (q) of the definition of “accredited investor” in section 1.1 of NI 45-106 has purchased the securities on behalf of a fully managed account, provide information about the trust company, trust corporation or registered adviser only; do not include information about the beneficial owner of the fully managed account.

 

Joint purchasers may be treated as one purchaser for the purposes of Item 7(f) of this form.

 

5.References to issuer

 

References to “issuer” in this form include an investment fund issuer and a non-investment fund issuer, unless otherwise specified.

 

6.Investment fund issuers

 

If the issuer is an investment fund, complete Items 1-3, 6-8, 10, 11 and Schedule 1 of this form.

 

 

7.Mortgage investment entities

 

If the issuer is a mortgage investment entity, complete all applicable items of this form other than Item 6.

 

8.Language

 

The report must be filed in English or in French. In Québec, the issuer or underwriter must comply with linguistic rights and obligations prescribed by Québec law.

 

9.Currency

 

All dollar amounts in the report must be in Canadian dollars. If the distribution was made or any compensation was paid in connection with the distribution in a foreign currency, convert the currency to Canadian dollars using the daily exchange rate of the Bank of Canada on the distribution date. If the distribution date occurs on a date when the daily exchange rate of the Bank of Canada is not available, convert the currency to Canadian dollars using the most recent daily exchange rate of the Bank of Canada available before the distribution date. For investment funds in continuous distribution, convert the currency to Canadian dollars using the average daily exchange rate of the Bank of Canada for the distribution period covered by the report.

 

If the distribution was not made in Canadian dollars, provide the foreign currency in Item 7(a) of the report.

 

10.Date of information in report

 

Unless otherwise indicated in this form, provide the information as of the distribution end date.

 

11.Date of formation

 

For the date of formation, provide the date on which the issuer was incorporated, continued or organized (formed). If the issuer resulted from an amalgamation, arrangement, merger or reorganization, provide the date of the most recent amalgamation, arrangement, merger or reorganization.

 

12.Security codes

 

Wherever this form requires disclosure of the type of security, use the following security codes:

 

Security code   Security type
BND   Bonds
CER   Certificates (including pass-through certificates, trust certificates)
CMS   Common shares
CVD   Convertible debentures
CVN   Convertible notes
CVP   Convertible preferred shares
DCT   Digital coins or tokens
DEB   Debentures
DRS   Depository receipts (such as American or Global depository receipts/shares)
FTS   Flow-through shares
FTU   Flow-through units
LPU   Limited partnership units and limited partnership interests (including capital commitments)
MTG   Mortgages (other than syndicated mortgages)
NOT   Notes (include all types of notes except convertible notes)
OPT   Options
PRS   Preferred shares
RTS   Rights
SMG   Syndicated mortgages
SUB   Subscription receipts
UBS   Units of bundled securities (such as a unit consisting of a common share and a warrant)
UNT   Units (exclude units of bundled securities, include trust units and mutual fund units)
WNT   Warrants (including special warrants)
OTH   Other securities not included above (if selected, provide details of security type in Item 7d)

 

13.Distributions by more than one issuer of a single security

 

If two or more issuers distributed a single security, provide the full legal names of the co-issuers in Item 3.

 

 

B.Terms used in the form

 

1.For the purposes of this form:

 “designated foreign jurisdiction” means Australia, France, Germany, Hong Kong, Italy, Japan, Mexico, the Netherlands, New Zealand, Singapore, South Africa, Spain, Sweden, Switzerland or the United Kingdom of Great Britain and Northern Ireland;

 “eligible foreign security” means a security offered primarily in a foreign jurisdiction as part of a distribution of securities in either of the following circumstances:

(a)the security is issued by an issuer

(i)that is incorporated, formed or created under the laws of a foreign jurisdiction,

(ii)that is not a reporting issuer in a jurisdiction of Canada,

(iii)that has its head office outside of Canada, and

(iv)that has a majority of the executive officers and a majority of the directors ordinarily resident outside of Canada;

(b)the security is issued or guaranteed by the government of a foreign jurisdiction;

“foreign public issuer” means an issuer where any of the following apply:

(a)the issuer has a class of securities registered under section 12 of the 1934 Act;

 

(b)the issuer is required to file reports under section 15(d) of the 1934 Act;

 

(c)the issuer is required to provide disclosure relating to the issuer and the trading in its securities to the public, to security holders of the issuer or to a regulatory authority and that disclosure is publicly available in a designated foreign jurisdiction;

“legal entity identifier” means a unique identification code assigned to the person

(a)in accordance with the standards set by the Global Legal Entity Identifier System, or

(b)that complies with the standards established by the Legal Entity Identifier Regulatory Oversight Committee for pre-legal entity identifiers;

“NRD” means National Registration Database;

“permitted client” has the same meaning as in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations;

“SEDAR profile” means a filer profile required under section 5.1 of National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR).

2.For the purposes of this form, a person is connected with an issuer or an investment fund manager if either of the following applies:

(a)one of them is controlled by the other;

(b)each of them is controlled by the same person.

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Form 45-106F1 Report of Exempt Distribution

 

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