Ontario Proposes Four New Capital Raising Prospectus Exemptions

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The following article by Robert O. Hansen, Genevieve Pinto, Heidi Gordon, David Badour and Nathan Montgomery may be of interest to readers of this blog: Ontario Proposes Four New Capital Raising Prospectus Exemptions

On March 20, 2014, the Ontario Securities Commission (OSC) published for comment proposed rules for four new exemptions to the prospectus requirement:

  1. an offering memorandum prospectus exemption (OM Exemption)
  2. a family, friends and business associates prospectus exemption (FFBA Exemption)
  3. an existing security holders prospectus exemption (Existing Holders Exemption)
  4. a crowdfunding prospectus exemption (Crowdfunding Exemption)

The proposed exemptions are intended to facilitate the ability of both reporting issuers (i.e. public entities) and non-reporting issuers (i.e. private entities) to raise capital from potential investors in Ontario without having to file a prospectus. → Read more.

Crowdfunding Exemption Existing Holders Exemption FFBA Exemption OM Exemption Ontario Securities Commission OSC prospectus exemption



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