Ontario Proposes Four New Capital Raising Prospectus Exemptions

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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