RE: De-Listing.2 Jun 2025 09:50
This is what the AI said about Canadian involvement in a sale to the Chinese if we remained on TSX:
"If SolGold proceeds with its planned delisting from the Toronto Stock Exchange (TSX), the company's continued listing would no longer subject it to the Investment Canada Act (ICA) review process, including scrutiny of potential foreign acquisitions.
📉 Impact of Delisting on ICA Review
The ICA mandates that foreign investments in Canadian businesses be reviewed to assess their net benefit to Canada and to evaluate potential national security risks. However, this review process applies only to entities that are considered "Canadian businesses," which typically includes companies listed on Canadian stock exchanges like the TSX.dwpv.com+1Reddit+1
Once SolGold delists from the TSX, it would no longer meet the criteria of a "Canadian business" under the ICA. Consequently, any future acquisition attempts by foreign entities, including Chinese companies, would not be subject to the ICA's national security review process.
🛡️ National Security Concerns Post-Delisting
Even after delisting, if SolGold maintains operations in Canada, especially through its subsidiary, SolGold Canada, and continues to hold Canadian assets, the Canadian government might still have avenues to intervene. For instance, the government could potentially use other legal frameworks or policies to address national security concerns related to foreign ownership or control of critical resources.Reddit
However, such interventions would be less straightforward and might not offer the same level of scrutiny and control as the ICA review process.dwpv.com
🧭 Conclusion
In summary, if SolGold completes its delisting from the TSX, any subsequent acquisition by a foreign entity, including a Chinese company, would not be subject to the ICA's national security review process. This underscores the strategic considerations companies must weigh when deciding on their listing status and the potential implications for foreign investment scrutiny."