Sure.
If we're looking at a licence transfer and at the question of ownership, there are a few things. Typically, licensing officers will request a set of information, as well as an information attestation from a lawyer. The kind of information that would be requested would be things like the certificate of incorporation or the articles of incorporation showing the ownership structure of a company. With respect to that attestation, there's a requirement to prove that the applicant or that the respective recipient meets the Canadian ownership rules. The kinds of materials that you could get there would be things like individuals who have beneficial ownership—say, greater than 10% of the shares in an organization—the individual shareholders, the individuals that have significant control with respect to the prospective licence holder.
That review looks at not only the narrow sense of the prospective recipient but also the complete corporate structure, so you move through the entire structure to ensure that that 51% is met. When you get to about that point and the officer or the executive that's overseeing that is satisfied with it, then you've met the ownership responsibilities, and the transaction would go ahead, assuming that all other fees and fines are paid and that all the other regulatory considerations are met. That's kind of a quick overview of the kinds of ownership reviews that you'd do.