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New Disclosure Rules for Non-Venture Issuers Regarding Women on Boards and in Senior Management

Posted by: · November 5th, 2014

The securities regulatory authorities in the majority of the provinces and territories of Canada recently announced the final implementation of new corporate governance disclosure rules regarding the representation of women on boards of directors and in senior management. Provided all necessary Ministerial approvals are obtained, amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices and Form 58-101F1 Corporate Governance Disclosure (collectively, the “Rule Amendments”) will come into effect on…

TSX Adopts Amendments Relating to Security Based Compensation Arrangements and Backdoor Listings

Posted by: · October 1st, 2014

Further to our article dated December 20, 2013 entitled TSX publishes proposed amendments to Stock Exchange Company Manual, the Toronto Stock Exchange (the “TSX”) has recently announced that it has adopted, and the Ontario Securities Commission has approved, amendments to Part VI – Changes in Capital Structure of Listed Issuers of the TSX Company Manual (the “Manual”) which become effective today, October 1, 2014. The amendments relate to the adoption…

CSA Publishes for Comment Guidance for Proxy Advisory Firms

Posted by: · June 12th, 2014

On April 24, 2014, the Canadian Securities Administrators (“CSA”) published for comment Proposed National Policy 25-201 – Guidance for Proxy Advisory Firms (the “Proposed Policy”). To read the notice for comment in full, visit the BC Securities Commission link: here. The CSA is seeking comments up to July 23, 2014 (the Consultation Period was extended by way of CSA Staff Notice 11-327 issued June 12, 2014). In June 2012, the CSA published consultation paper…

CSA Proposes Changes to Streamline Disclosures by Venture Issuers

Posted by: · May 27th, 2014

On May 22, 2014 the Canadian Securities Administrators (the “CSA”) published a notice and request for comment on certain proposed amendments to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 41-101 General Prospectus Requirements (NI 41-101), and National Instrument 52-110 Audit Committees (NI 52-110); as well as to the companion policies to the instruments (the “Proposed Amendments”). The Proposed Amendments focus on streamlining disclosure by venture issuers, reflecting the needs and expectations…

CSA Adopts Prospectus Exemption for Distributions to Existing Securityholders

Posted by: and · May 15th, 2014

On March 13, 2014, the Canadian Securities Administrators (the “CSA”) issued a notice adopting a prospectus exemption (the “Exemption”) which allows issuers listed on the TSX Venture Exchange (the “TSXV”), the Toronto Stock Exchange (the “TSX”) or the Canadian Securities Exchange (the “CSE”) to raise money by distributing securities to their existing securityholders. The Exemption has been implemented in all provinces and territories in Canada except for Ontario, Newfoundland and…


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.

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