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Brooke Hales Osler, Hoskin & Harcourt LLP

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New TSX rule mandating buy-side shareholder vote in dilutive public company acquisitions takes effect today *

Canada - November 24 2009
Effective today, companies listed on the Toronto Stock Exchange (TSX) will be required to obtain buy-side shareholder approval for public company acquisitions that would result in the issuance of more than 25% of the issued and outstanding shares of an acquiring company on a non-diluted basis.

Co-authors: Emmanuel Pressman, Douglas Bryce.