Hi guys, apologies if someone has already posted this, but I was wondering how long it would take to get an outcome from investment Canada and this is what I found...
The national security review process can take up to 200 days —or longer with the consent of the investor —from the date the initial notice of the transaction is sent to the Minister of ISED. The minister has 45 days, which can be extended by up to an additional 45 days, after an application or notification under the ICA has been certified, or after the implementation of a minority investment that does not require notification, to refer an investment to the Governor in Council for an order for national security review. If an order is made, it can take 110 more days —or longer with the consent of the investor —for the review to be completed.
So it looks like we should hear something from the first 45 day stage - hopefully a result and not an extension..
PDN Price at posting:
$9.72 Sentiment: Buy Disclosure: Held
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