PART I — INFORMATION REQUIRED TO BE SENT TO SHAREHOLDERS
Item 1.
Home Jurisdiction Document
The prospectus shall consist of the entire disclosure document or documents used to offer the rights and underlying securities
to holders in any Canadian jurisdiction. Such disclosure document(s) shall include all information used to make such offers, w
ithout
regard to whether such information has previously been provided to shareholders. Except as noted hereinafter, such disclosure
document(s) shall be prepared in accordance with the disclosure requirements of such jurisdiction as interpreted and applied by
the
securities commission or other regulatory authority in such jurisdiction.
Such prospectus used in the United States shall contain additional information and legends required by this Form. It need not
include any documents incorporated by reference into disclosure documents used in Canada and not required to be delivered to
securityholders pursuant to Canadian law.
Notwithstanding the foregoing, such prospectus used in the United States need not contain any disclosure applicable solely
to Canadian offerees or purchasers that would not be material to offerees or purchasers in the United States, including, without
limitation, (i) any Canadian “red herring” legend; (ii) any discussion of Canadian tax considerations other than those material to
U.S. offerees or purchasers; (iii) the names of any Canadian underwriters not acting as underwriters in the United States or a
description of the Canadian plan of distribution (except to the extent necessary to describe the material facts of the U.S. plan of
distribution); (iv) any description of offerees’ or purchasers’ statutory rights under applicable Canadian, provincial or terri t orial
securities legislation (except to the extent such rights are available to U.S. offerees or purchasers); or (v) certificates of the issuer
or any underwriter.
Item 2.
Informational Legends
The following legends, to the extent applicable, shall appear on the outside front cover page of the prospectus (or on a sticke
r
thereto) in bold-face roman type at least as high as ten-point modern type and at least two points leaded:
“This offering is made by a foreign issuer, that is permitted, under a multijurisdictional disclosure system adopted by the
United States, to prepare this prospectus in accordance with the disclosure requirements of its home country.
Prospective investors
should be aware that such requirements are different from those of the United States. Financial statements included or incorpo rated
herein, if any, have been prepared in accordance with foreign generally accepted accounting principles, and are subject to fore ign
auditing and auditor independence standards, and thus may not be comparable to financial statements of United States companies.
”
“Prospective investors should be aware that the acquisition of the securities described herein may have tax consequences both
in the United States and in the home country of the Registrant. Such consequences for investors who are resident in, or citize ns of,
the United States may not be described fully herein.”
“The enforcement by investors of civil liabilities under the federal securities laws may be affected adversely by the fact that
the Registrant is incorporated or organized under the laws of a foreign country, that some or all of its officers and directors may
be residents of a foreign country, that some or all of the underwriters or experts named in the registration statement may be r
esidents
of a foreign country, and that all or a substantial portion of the assets of the Registrant and said persons may be located out
side the
United States.”
“THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED
BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.”
The Registrant should also include in the prospectus any legend or information required by the laws of any jurisdiction in whic
h
the securities are to be offered.
Note to Item 2. If the home-jurisdiction document(s) are delivered through an electronic medium, the issuer may satisfy the legibility
requirements for the required legends relating to type size and font by presenting the legends in any manner reasonably calcula
ted
to draw investor attention to it.
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