An Investment Dealer's research department learns that the CEO of a major TSX-listed mining client has suddenly resigned due to a disagreement on strategy. This event is expected to significantly impact the stock price. How must the issuer comply with event-driven disclosure rules?

Question

Accepted Answer

This option is correct. Upon a material change (like a CEO resignation), the issuer must immediately issue and file a news release to alert the market, and then file a formal Material Change Report (Form 51-102F3) on SEDAR+ within 10 days.

An Investment Dealer's research department learns that the CEO of a major TSX-listed mining client has suddenly resigned due to a disagreement on strategy. This event is expected to significantly impact the stock price. How must the issuer comply with event-driven disclosure rules?

Discussion