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Toronto Stock Exchange Provides Clarification of New Rules for Security Based Compensation Arrangements


Area Corporate and Commercial, Corporate Finance and Securities


The Toronto Stock Exchange has issued a Staff Notice to provide clarification of the interpretation of recent amendments to its Company Manual relating to security based compensation arrangements such as stock option plans.   The amendments became effective on January 1, 2005 and are described in the Goodmans Update dated November 26, 2004.

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