Hyperlawhypertext legal database Competition Act

← Historical versions

Versions of s. 111(f)

C-34 — Competition Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2018-05-01 to present available View Source
    an acquisition of votingequity sharesinterests ofin aan corporationentity pursuant tounder an agreement in writing that provides for the issuancecreation of those sharesequity interests only if the person or persons acquiring them incur expenses to carry out exploration or development activities with respect to a Canadian resource property, as defined in subsection 66(15) of the Income Tax Act, in respect of which the corporationentity has the right to carry out those activitiesactivities, whereif the corporationentity does not have any significant assets other than that property.
    Full text

    an acquisition of equity interests in an entity under an agreement in writing that provides for the creation of those equity interests only if the person or persons acquiring them incur expenses to carry out exploration or development activities with respect to a Canadian resource property, as defined in subsection 66(15) of the Income Tax Act, in respect of which the entity has the right to carry out those activities, if the entity does not have any significant assets other than that property.

  2. 2002-12-31 to 2018-05-01 View Source

    an acquisition of voting shares of a corporation pursuant to an agreement in writing that provides for the issuance of those shares only if the person or persons acquiring them incur expenses to carry out exploration or development activities with respect to a Canadian resource property, as defined in subsection 66(15) of the Income Tax Act, in respect of which the corporation has the right to carry out those activities where the corporation does not have any significant assets other than that property.