OSC Participation Fees May Be Decreasing For Some Issuers This Year – OSC 13-502 Amendments
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OSC Participation Fees May Be Decreasing For Some Issuers This Year – OSC 13-502 Amendments

OSC Participation Fees Were Not Reflective of Current Market Cap On April 1, 2013 a revision to OSC Rule 13-502 came into effect which changed how OSC participation fees for reporting issuers were calculated. These changes included a concept called a “reference fiscal year” which was, in certain cases, deemed to be the participant’s last fiscal…

New Ontario Offering Memorandum Rules
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New Ontario Offering Memorandum Rules

On October 29, 2015 the Ontario Securities Commission (“OSC”) along with other Canadian Securities Administrator (“CSA”) jurisdictions published certain amendments to National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) allowing Ontario investors to purchase securities by way of offering memorandums. This is a fantastic development for issuers because they can now offer their securities on an exempt basis to a much broader…

Private Placements – Reducing Your Cost of Capital
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Private Placements – Reducing Your Cost of Capital

Capital Is Expensive Every company knows that raising money is expensive – even when utilizing private placements. If your a listed issuer you need to pay exchange fees (listing fees, maintenance fees and transaction based fees), audit fees, securities commission fees, agent commission & fees, transfer agent fees and legal fees – among many others. Raising…