Investor Presentaiton
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Statutory Rights Rescission - Saskatchewan (page 2 of 2)
SASKATCHEWAN INVESTORS (CONTINUED)
In addition, Saskatchewan legislation provides a purchaser with the right to void the purchase agreement and to recover all money and other consideration paid by the purchaser for the securities if
the securities are sold by a vendor who is trading in Saskatchewan in contravention of Saskatchewan securities legislation, regulations or a decision of the Financial and Consumer Affairs Authority of
Saskatchewan.
The Saskatchewan legislation also provides a right of action for rescission or damages to a purchaser of securities to whom an offering memorandum or any amendment to it was not sent or delivered
prior to or at the same time as the purchaser enters into an agreement to purchase the securities, as required by the Saskatchewan legislation.
A purchaser who receives an amended offering memorandum has the right to withdraw from the agreement to purchase the securities by delivering a notice to the issuer or selling security holder
within two business days of receiving the amended offering memorandum.
These rights are in addition to, and without derogation from, any other rights or remedies available at law to a Saskatchewan purchaser. The foregoing is a summary of the rights available to a
Saskatchewan purchaser. Not all defenses upon which an issuer or others may rely are described herein. Saskatchewan purchasers should refer to the complete text of the relevant statutory
provisions.View entire presentation