What is the distribution of shares by province?
Ontario, Canada
The following excerpt is from Kerr v. Danier Leather Inc., 2004 CanLII 8186 (ON SC):
The only evidence at trial regarding the distribution of shares by province is a document prepared according to the residence of the purchaser. A purchaser’s place of residence does not determine the applicability of a Securities Act. As noted in Pearson v. Boliden, supra, at para. 47, “a distribution does not, without more, occur where the investor resides or happens to be when he or she placed the order.”
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