A partial quote from the BCSC website - http://www.bcsc.bc.ca/policy.aspx?id=6544

PART 3 - RESALE OF PRIVATE PLACEMENT SECURITIES

Resale of Seed Stock

10 (1) The exemptions in securities legislation from the registration requirement or the prospectus requirement does not apply to a trade of a security of an OTC reporting issuer on or after the ticker-symbol date, if the security was acquired on or after September 15, 2008 and before the ticker-symbol date, except for the exemption in section 2.16 of National Instrument 45-106 Prospectus and Registration Exemptions.

(2) A person must not trade a security of an OTC reporting issuer that the person acquired on or after September 15, 2008 and before the ticker-symbol date unless:

(a) the certificate representing the security carries the legend, or the ownership statement issued under a direct registration system or other electronic book entry system relating to the security bears the legend restriction notation, set out in subsection 11(2),

(b) the person trades the security through an investment dealer from an account at that investment dealer in the name of that person, and

(c) the investment dealer executes the trade through the OTC Bulletin Board or Pink Sheets.

If you would like to review all of the possible rule changes please go to:

http://www.bcsc.bc.ca/policy.aspx?id=6544

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