Jonathan Tong

Partner | Toronto


Portrait of Jonathan Tong

Jonathan Tong quoted in Financial Post article on international purchases of Canadian makers of video games

Financial Post, "China is getting the Liberals into video games"

“The government wants to keep the IP and the key personnel here in Canada,” said Jonathan Tong, a partner and capital markets lawyer at Miller Thomson LLP. “We don’t want a situation where everyone is leaving for Silicon Valley.”… If...


Jonathan Tong quoted in Financial Post article on Esports industry

Financial Post, "This Canadian company is taking aim at the $150-billion-plus global video-game industry"

“There are so many different levels at play with esports,” said Jonathan Tong, a partner and capital markets specialist at law firm Miller Thomson LLP in Toronto. Tong has been following the esports/gaming boom while fielding a lot of calls...


10 key recommendations from the Ontario Capital Markets Modernization Taskforce

Proposed revisions to continuous disclosure obligations, Ontario’s short selling regulatory regime and more Overview On January 22, 2021, the Ontario Capital Markets Modernization Taskforce (the “Taskforce”) published its 115-page final report (the “Report”) outlining over 70 recommendations with a view...


Updated TSX guidelines for security based compensation disclosure

Overview On January 15, 2021, the Toronto Stock Exchange (the “TSX”) published an updated Guide to Security Based Compensation Arrangements (the “Guide”), which aims to assist listed issuers with preparing meaningful disclosure regarding security based compensation arrangements. For myriad market...


Making a splash: Changes to TSXV’s Capital Pool Company program arriving in 2021

Overview On December 1, 2020, the TSX Venture Exchange (the “TSXV”) published a bulletin (PDF) announcing certain amendments to its Capital Pool Company (“CPC”) program (PDF). These amendments (the “Policy Amendments”), which come into effect on January 1, 2021, include...


New amendments simplify “at-the-market” distributions in Canada and make them more attractive to issuers

On June 4, 2020, the Canadian Securities Administrators (CSA) amended National Instrument 44-102 Shelf Distributions with respect to at-the-market distributions of equity securities (“ATM Distributions”). These amendments will come into effect on August 31, 2020 and will bring welcomed changes...


Offering in confidence: New confidential prospectus pre-file review process

On March 5, 2020, the Canada Securities Administrators (“CSA”) introduced a new harmonized process for the full review of prospectuses on a confidential pre-file basis (the “Confidential Pre-File Review Process”). The Confidential Pre-File Review Process applies to non-investment fund issuers....


COVID-19: Capital markets and securities update

As the COVID-19 outbreak continues to affect the global economy, Canadian reporting issuers are encouraged to stay mindful of resulting changes to the regulatory landscape. This update canvasses recent developments and provides an update to our last COVID-19 related issue...


COVID-19: Canadian capital markets & securities considerations

Introduction On January 30, 2020, the World Health Organization (“WHO”) declared the COVID-19 strain of coronaviruses (“COVID-19”) a public health emergency. The outbreak was officially classified as a pandemic by the WHO on March 11, 2020. Given the significant impact...


It’s in the Game: The Esports Legal Playbook

Miller Thomson offers a national, multi-disciplinary network of lawyers who understand the legal and business challenges unique to the Esports industry. We leverage our industry-related experience, as well as our broad expertise in advising emerging and high growth companies and...


Esports: the Next Billion Dollar Industry

Esports has grown exponentially over the last decade and is now a billion dollar industry. What is esports and where are the opportunities for investors? Download the article