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Exemptive relief granted to amend escrow agreement, treating two affiliated securityholders as a single entity.
DragonWave Inc. applied for consent to amend an existing escrow agreement under National Policy 46-201.
The amendment requested that two securityholders, Wesley Clover Corporation and Wesley Clover International Corporation, both controlled by the same individual, be treated as a single entity for the purposes of releasing securities from escrow.
The Ontario Securities Commission, acting as the principal regulator, granted the requested relief, allowing the two entities to be treated as a single entity for escrow release purposes.
