LEGAL UPDATES, OPINIONS & ANALYSIS FOR THE
MINING EXPLORATION & DEVELOPMENT INDUSTRY
910 – 800 West Pender Street
Vancouver BC V6C 2V6
Tel: 604.685.6100
Fax: 604.692.4900

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Canadian Securities Administrators Introduce New Harmonized Report of Exempt Distribution

Posted by: · June 29th, 2016

Issuers and underwriters who rely on certain prospectus exemptions to distribute securities are required to file a report of exempt distribution within 10 days of the distribution.  Currently, the form of report is Form 45-106F1 Report of Exempt Distribution (“Form 45-106F1”) in all jurisdictions other than British Columbia.  In British Columbia, the form of report is currently Form 45-106F6 British Columbia Report of Exempt Distribution (“Form 45-106F6”, together with Form…

Axium Office Move

Posted by: · October 28th, 2015

Effective November 2, 2015, Axium Law Corporation will be relocating to the following address: Suite 910, 800 West Pender Street Vancouver, BC  V6C 2V6 All other contact information will remain the same.

Categories: Axium News

CHANGES TO THE RIGHTS OFFERING REGIME TO COME INTO FORCE ON DECEMBER 8, 2015

Posted by: · October 20th, 2015

On September 24, 2015, the Canadian Securities Administrators (the “CSA”) announced the final implementation of a streamlined prospectus-exempt rights offering regime for reporting issuers. The amendments are intended to address concerns that the time and cost of conducting a rights offering under the current regime make such offerings an unattractive financing option for reporting issuers. The CSA have designed the new prospectus-exempt rights offering regime to be more appealing to…

CSA ANNOUNCES AMENDMENTS TO STREAMLINE DISCLOSURE BY VENTURE ISSUERS

Posted by: · September 15th, 2015

The Canadian Securities Administrators announced amendments to National Instrument 51-102 Continuous Disclosure Obligations, National Instrument 52-110 Audit Committees and National Instrument 41-101 General Prospectus Requirements pertaining to continuous disclosure and governance obligations of venture issuers (collectively, the “Amendments”).   The Amendments, which were originally proposed in May of 2014, are designed to focus disclosure of venture issuers on information that reflects the needs and expectations of venture issuer investors and eliminate…

Canada Introduces Broad Reporting Obligations for Oil and Gas and Mining Companies

Posted by: · June 30th, 2015

On June 1, 2015, the Canadian government enacted the Extractive Sector Transparency Measures Act (the “Act”), which establishes mandatory annual reporting for the extractive sector of payments of $100,000 or more made to all governments related to oil, gas and mining development in Canada and abroad. Reporting entities will be required to submit reports for each of their financial years that begin after June 1, 2015. The purpose of the…

Categories: Mining Laws, Oil & Gas
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This blog discusses issues relevant to mining exploration and development companies carrying on business in Canada and around the world. Topics include acquiring and developing mineral projects, organizing and financing resource companies and mergers and acquisitions.

About Axium

Axium is a leading Vancouver based boutique law firm specializing in securities law, mergers and acquisitions, corporate and business law.