Announcing the acquisition:
Within 24 months, the CPC identifies an appropriate business as its "qualifying transaction" and issues a news release to announce that it has entered an agreement in principle to acquire the business.
The CPC prepares a draft filing statement or information circular providing prospectus-level disclosure on the business that is to be acquired.
TSXV reviews the disclosure document and evaluates the business to ensure it meets minimum listing requirements.
Closing the deal:
Where shareholder approval is required for a non-arm's length qualifying transaction, an information circular is posted on SEDAR and sent to the CPC's shareholders prior to holding a shareholders' meeting to obtain majority of the minority approval of the proposed qualifying transaction.
Where shareholder approval is not required for an arm's length qualifying transaction, the filing statement is posted on SEDAR for at least seven business days, after which the qualifying transaction closes and the business is acquired.
Additional components of the deal often include a change of name and a private placement coinciding with the closing of the qualifying transaction.
The .P from the ticker symbol is removed and the company now trades as a regular TSX Venture listed company.