On February 19, 2015, the Canadian Securities Administrators (“CSA“) published CSA Notice of Amendments (the “Notice“) to National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106“) relating to the accredited investor prospectus exemption (“AI Exemption“), the minimum amount investment prospectus...
Background As of November 30, 2014, of the over 1500 issuers listed on the Toronto Stock Exchange (the “TSX“), 332 were listed on another exchange or marketplace. On January 22, 2015, the TSX announced proposed amendments (the “Amendments“) to the...
After reviewing reporting by 100 randomly selected Ontario-based issuers across all industries comprising both venture and non-venture issuers, the Ontario Securities Commission (“OSC“) published Staff Notice 51-723 – Report on Staff’s Review of Related Party Transaction Disclosure and Guidance on...
