The filer, Sunshine Silver Mines Corporation, applied for exemptive relief from the prospectus requirements under the Securities Act to permit the use of electronic roadshow materials during the waiting period of a cross-border initial public offering.
Compliance with U.S. securities laws required unrestricted public access to these materials, which conflicted with Canadian restrictions on marketing activities during the waiting period.
The Ontario Securities Commission granted the requested relief, subject to conditions including the provision of a contractual right of action for misrepresentations in the roadshow materials.
