Securities regulators across Canada (other than Ontario) adopted Multilateral CSA Notice 45-313, which sets out details of a prospectus exemption that, subject to certain conditions, will allow issuers listed on the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSX-V), and the Canadian Securities Exchange (CSE) to raise money by distributing securities to their existing security holders. Continue reading →

In Canada there are three stock exchanges, namely:

• the Toronto Stock Exchange (TSX), where Canada’s largest companies are listed;
• the TSX Venture Exchange (TSX-V), which lists emerging companies; and
• the Canadian Securities Exchange (CSE) formerly known as CNSX, which is Canada’s newest stock exchange. Continue reading →

If your company is looking to raise money in Canada, then you’ll want to familiarize yourself with the rules set out in National Instrument 45-106 Capital Raising Exemptions (NI 45-106), which sets out the exemptions from the prospectus requirement. Continue reading →