On November 27, 2014, the Ontario Securities Commission (“OSC”) published its Notice of Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions approving a new prospectus exemption (the “Exemption”) expected to come into force, provided Ministerial approval is obtained,...
A rights offering is a seldom-used means of raising capital, the current requirements of which make it wholly impractical. Under a rights offering, an issuer distributes rights to an issuer’s existing security holders. The rights entitle holders to purchase additional...
On December 17, 2014, Alberta’s Bill 5, the Securities Amendment Act, 2014, received Royal Assent. Bill 5 makes both technical and housekeeping amendments to Alberta’s Securities Act and consequential amendments to Alberta’s Cooperatives Act and Business Corporations Act. The notable...
