Author Archives: pubcolaw

Prospectus Exemptions to introduce the Listed Issuer Financing Exemption

Adoption of Amendments to National Instrument 45-106 Prospectus Exemptions to introduce the Listed Issuer Financing Exemption The amendments introduce a new prospectus exemption available to reporting issuers that are listed on a Canadian stock exchange. The amendments come into effect on November 21, 2022. BC Notice 2022/02 publishes an updated template for Schedule 1 of […]

CSE Listing Applications

A short note that the CSE will no longer accept listing applications from reporting issuers that have been established by way of a Plan of Arrangement (“POA”). The CSE were bombarded by marginal companies that were set up to meet minimum listing requirements and then turn, either fail, or turn around and do something entirely […]

The Canadian Securities Administrators

The Canadian Securities Administrators have issued an unflattering report with respect to pre-production mining issuer disclosure on their websites. Of 130 investor presentations on issuer websites reviewed by the regulators, a whopping 82% were found to be in non-compliance with applicable disclosure rules. 25% of the investor presentations were found to be in major non-compliance […]

Raising Money in BC

Raising Money in BC: New Private Placement Exemption for Issuers Proposed in BC   The securities regulatory authorities in British Columbia are proposing a new prospectus exemption that would, subject to certain conditions, allow issuers listed on a Canadian exchange to raise money by distributing securities to investors who have obtained advice about the suitability […]

Purpose of reducing Venture Issuer regulation

With the purpose of reducing Venture Issuer regulation, the Canadian Securities Administrators have adopted effective July 1, 2015 streamlined disclosure requirements for Venture Issuers with respect to interim quarterly management discussion and analysis of quarterly financial results. Once in effect, the amendments (principally to NI 51-102) will:

SEC Adopts Rules to Facilitate Smaller Companies’ Access to Capita

New Rules Provide Investors With More Investment Choices FOR IMMEDIATE RELEASE 2015-49 Washington D.C., March 25, 2015 —The Securities and Exchange Commission today adopted final rules to facilitate smaller companies’ access to capital.  The new rules provide investors with more investment choices.   The new rules update and expand Regulation A, an existing exemption from […]

Nasty Computer Virus File Seizing Encryption Malware

There has been an increasing incidence of a very nasty computer virus malware (ultimately very costly to the victims as they are subject to ransom demands) called CryptoWall. The Law Society of BC highlighted this in its Spring 2015 Bencher’s Bulletin. This is a synopsis of that article. The malware is a threat to all […]

Canadian securities regulators have published proposed amendments

December 9, 2014: Canadian securities regulators have published proposed amendments to legislation which in part clarify the “business trigger” for when a “start-up” or non-active-business issuer may be required to “register” in order to “trade” in or sell securities to investors.