With recent changes to Canadian securities laws, average, everyday Canadians can now invest in opportunities traditionally available only to accredited investors and those closely connected to such ventures. Investors can acquire eligible securities of Canadian companies (issuers) valued at no more than $2,500 (or $10,000 if suitability advice has been obtained) after reviewing
The Start-Up Crowdfunding Exemption permits Canadian private-stage companies with operating businesses to raise up to $1.5 million in any 12-month period by distributing eligible securities valued at no more than $2,500 (or $10,000 if suitability advice has been obtained) per investor in reliance on a brief offering document and risk acknowledgment signed by each investor.
The new Listed Issuer Financing Exemption will permit issuers listed on Canadian stock exchanges with an operating business to distribute freely tradeable listed equity securities to the public in reliance on the issuer’s continuous disclosure record as supplemented with a brief offering document. The Canadian Securities Administrators have approved the new prospectus exemption and, subject
What Silicon Valley is to venture capital, Canada — especially Western Canada — is to junior public equity markets. Historically, it was predominantly companies in the mining and energy sectors that took advantage of these markets. Increasingly, our junior public equity markets serve a much broader base of sectors.Public equity markets aren’t reserved for institutional investors, high-net worth individuals and
With IIROC Notice 19–0051 dated March 26, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) has clarified that investment dealers can use and accept electronic signatures. Clients of investment dealers can now take full advantage of Capiche’s streamlined private placement subscription process. IIROC expects firms to have appropriate policies and procedures in place
Article written by Greg Klein and published on May 29, 2018 in Resource ClipsAmong other things, the author writes: “Solidly rooted in resources, the two talents complemented each other as they combined a detailed knowledge of private placements, extensive experience with the flawed process and high-tech insights on how to fix it.”
This article was originally written by Gwen Preston and published in the April 4, 2018 Edition of The Maven Letter (www.resourcemaven.ca). It is reprinted by Capiche with permission.A short note on a new business that I learned about recently — and that I think should become the standard new platform for financings.Today when a public
People purchasing public companies’ shares in private placements typically receive discounts and often get warrant “sweeteners” thrown in. Unfortunately for average investors, participation in private placements is usually restricted to institutions, wealthy individuals and insiders. Retail investors are left to purchase shares in the secondary market even though securities legislation now allows existing shareholders to
This article was originally written by Ellsworth Dickson and published in the April-May 2018 Edition (Vol 16 Issue 3) of Resource World Magazine (resourceworld.com). It is reprinted by Capiche with permission.Participating in a private placement can be a frustrating experience for an investor — but also a lucrative one. It’s frustrating for not just small
Despite the complexity of securities laws and stock exchange policies, private placements continue to be completed using a manual, paper-based process. The process is inefficient and costly and private placements are often non-compliant — even when a lawyer is involved. As part of an in-depth assessment of the private placement market, the British Columbia Securities Commission concluded
