Interest in operating subsidiary. Where an issuer has an operating subsidiary, or is proposing to issue trading shares in order to acquire an operating subsidiary, and the value of that operating subsidiary is not supported by a current valuation opinion, the principles of this Part will apply to the operating subsidiary for the purpose of determining the number of trading shares that may be issued by the issuer in respect of its interest in the operating subsidiary.
Appears in 6 contracts
Samples: Escrow Agreement (Pacific Rodera Ventures Inc), Escrow Agreement (Sovereign Chief Ventures LTD), Performance Escrow Agreement (Response Biomedical Corp)
