Clause 74

by inserting, immediately after the words “and 279” in subsection (1), the words “but subject to subsection (7)”;

by inserting, immediately after subsection (1), the following subsection:“(1A) The reference to the sale of securities under subsection (1) shall, in a case where the securities initially acquired are debentures, or units of shares or debentures, with an attached right of conversion into shares or debentures, include a reference to the sale of the converted shares or debentures.”;

by deleting the word “Securities” in the 1st line of subsection (3) and substituting the words “Subject to subsection (7), securities”;

by deleting the word “Where” in the 1st line of subsection (4) and substituting the words “Subject to subsection (7), where”; and

by inserting, immediately after subsection (6), the following subsection:“(7) Subsections (1), (3) and (4) shall not apply where the securities of the corporation acquired are of the same class as other securities of the corporation —

an offer of which has previously been made in or accompanied by a prospectus; and

which are listed for quotation on a securities exchange.”.