The Company was listed and began trading on the TSX Venture Exchange ("TSX") as a Capital Pool Company ("CPC") under Exchange Policy 2.4 on March 1, 2006 under the symbol "TCC".
The proposal does not comply with the provisions of the City's Local Planning Policy 2.4 - Telecommunications Infrastructure in respect to the location of the tower.
Pursuant to a special meeting of shareholders on December 10, 2001, the shareholders of the Company approved the qualifying transaction as defined by Rule 46-501 of the Alberta Securities Commission ("ASC") and Policy 2.4 of the TSX Venture Exchange, whereby the Company acquired all the issued and outstanding shares of Thermolabile Technologies Corporation ("TTC"), a privately held company.
The aggregate number of Shares issuable upon the exercise of all options granted under the Plan shall not exceed 212,000 common shares, provided that, upon the completion of a "Qualifying Transaction" (as that term is defined in Policy 2.4 of the Policies of the TSX Venture Exchange), the aggregate number of Shares issuable upon exercise of all options granted under the Plan shall not exceed 10% of the issued and outstanding common shares of the Company from time to time.
For a notable exception, see Brett Frischmann, Innovation and Institutions: Rethinking the Economics of U.S. Science and Technology Policy, 24 VT.