jswizzle3737/ontario_laws_and_regs huggingface dataset:
2. Registration under the Act is not required and section 53 of the Act does not apply in respect of the following trades contemplated by or arising by reason of the Plan: 1. The issuance of common shares in the capital of Subco to New Algoma in connection with the incorporation and organization of Subco. 2. A trade from New Algoma to Algoma of the NA Note in connection with the transfer of assets and liabilities from Algoma to New Algoma. 3. The issuance of one NA Common Share to Algoma in connection with the transfer of assets and liabilities from Algoma to New Algoma. 4. The issuance of NA Employee Voting Shares to a Trust or a Co-operative. 5. A trade of NA Employee Voting Shares from a Trust to a Co-operative. 6. The issuance by a Co-operative to a member of the Co-operative of a security evidencing a beneficial or indirect interest in NA Employee Voting Shares. 7. A trade of NA Employee Voting Shares from a Co-operative to New Algoma. 8. The issuance of NA Common Shares to a Trust. 9. A trade of NA Common Shares where both parties to the trade are Trusts. 10. The issuance by a Trust to a beneficiary of the Trust of a security evidencing a beneficial interest in, i. NA Common Shares, ii. NA Employee Voting Shares, or iii. both NA Common Shares and NA Employee Voting Shares. 11. A trade of NA Common Shares from a Trust to a beneficiary of the Trust. 12. The issuance of Subco Preferred Shares to a Debentureholder. 13. The issuance of Subco Preferred Shares to Dofasco Inc. 14. The issuance of NA Common Shares to an Algoma Preference Shareholder. 15. The issuance of NA Common Shares to a Specified Unsecured Creditor. 16. The issuance of NA Common Shares to a Compromised Creditor whose Claims are not determined as at the Settlement Date and who is entitled after the Effective Date to receive NA Common Shares. 17. The issuance of the Exchange Right to a holder of a Subco Preferred Share. 18. The issuance of NA Secured Debentures in exchange for Subco Preferred Shares under the Exchange Right. 19. A trade of Subco Preferred Shares in exchange for NA Secured Debentures under the Exchange Right. 20. The issuance of the Put Right to a holder of a Subco Preferred Share. 21. A trade of Subco Preferred Shares under the Put Right. O.Reg.261/92, s. 2.
3. Section 53 of the Act applies in respect of the first trade in NA Common Shares previously acquired from a Trust under the exemption contained in paragraph 11 of section 2 unless, (a) disclosure to the Commission has been made of the exempt trade under paragraph 11 of section 2; (b) no unusual effort is made to prepare the market or to create a demand for the NA Common Shares and no extraordinary commission or consideration is paid in respect of the first trade; and (c) the first trade is not a distribution as defined in clause (c) of the definition of “distribution” in subsection 1 (1) of the Act. O.Reg. 261/92, s. 3.
4. If the sole business carried on by Subco is that of raising funds which are lent to New Algoma or which are used to refinance funds so raised, then after the Effective Date, (a) compliance by New Algoma with the requirements of Parts XVIII and XIX of the Act shall be deemed to be compliance by Subco and, for the purpose of such compliance, securities issued by Subco shall be deemed to be securities issued by New Algoma; and (b) for the purpose of allocating New Algoma to the category of reporting issuer in clause (c) of the definition of “reporting issuer” in subsection 1 (1) of the Act, but without affecting Subco’s status as a reporting issuer, securities issued by Subco shall be deemed to be securities issued by New Algoma. O. Reg. 261/92, s. 4.
5. Registration under the Act is not required in respect of a trade by Subco if, (a) but for section 206 of Regulation 1015 of the Revised Regulations of Ontario, 1990, registration would not be required in respect of the trade under section 35 of the Act; and (b) the trade is an issuance by Subco of securities in consideration of proceeds which are lent to New Algoma or which are used to refinance funds originally raised for New Algoma. O.Reg.261/92, s. 5.
6. An offer to acquire Subco Preferred Shares by New Algoma under the Put Right is exempt from sections 95 to 100 of the Act. O. Reg. 261/92, s. 6.
7. Omitted (provides for coming into force of provisions of this Regulation). O. Reg. 261/92, s. 7.