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The Canadian Securities Administrators and the Ontario Securities Commission Adopt Amendments to National Instrument 45-106 Prospectus and Registration Exemptions

Posted by: · April 14th, 2015

The Canadian Securities Administrators (the “CSA”) recently announced amendments to National Instrument 45-106 Prospectus and Registration Exemptions (which will be retitled Prospectus Exemptions) (“NI 45-106”) relating to the accredited investor prospectus exemption (the “AI Exemption”) and the $150,000 minimum amount investor exemption (the “MA Exemption”). Companion Policy 45-106CP Prospectus and Registration Exemptions (which will be retitled Prospectus Exemptions) (the “Companion Policy”) will also be modified to provide more guidance on…

CSA PROPOSES AMENDMENTS TO PROSPECTUS EXEMPTION FOR RIGHTS OFFERINGS

Posted by: · March 10th, 2015

The Canadian Securities Administrators (the “CSA”) recently published for comment proposed amendments to securities legislation (the “Proposed Amendments”) which, if adopted, would create a streamlined prospectus exemption for rights offerings conducted by reporting issuers. A rights offering is the distribution of rights to purchase securities of an issuer made to that issuer’s existing security holders. Currently, an issuer can conduct a rights offering under a prospectus or under the prospectus…

TSX Venture Exchange Amends Policies Regarding Private Placements and Loans, Loan Bonuses, Finder’s Fees and Commissions

Posted by: · February 25th, 2015

On January 26, 2015, the TSX Venture Exchange (the “Exchange”) implemented amendments to Policy 4.1 – Private Placements (“Policy 4.1”) and corresponding amendments to Form 4B – Notice of Private Placement (“Form 4B”) and Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions of the TSX Venture Exchange Corporate Finance Manual (the “Manual”). Although the amendments involve a major redrafting of the current versions of Policy 4.1 and Policy…

Categories: TSXV Rules

TSX Venture Exchange Announces Implementation of V-File for Private Placement Filings

Posted by: · February 25th, 2015

The TSX Venture Exchange (the “Exchange”) has introduced a web-based application for issuers to file private placement submissions with the Exchange. The system, named V-File, allows for the electronic filing of the information that is currently included in a Form 4B – Notice of Private Placement and automates certain components of the Exchange’s acceptance process for private placements. V-File is intended to improve turnaround time and increase efficiencies in the…

Categories: TSXV Rules

The CSA Proposes Amendments to the Current Take-Over Bid Regime

Posted by: and · September 24th, 2014

On September 11, 2014, the Canadian Securities Administrators (the “CSA”) published CSA Notice 62-306, announcing proposed amendments (the “Proposed Bid Amendments”) to the current rules governing take-over bids contained in Multilateral Instrument 62-104 ­ Take-over Bids and Issuer Bids (“MI 62-104”). The CSA have indicated that the Proposed Bid Amendments will aim to facilitate the ability of shareholders to make voluntary, informed and co-ordinated tender decisions and provide target boards…

Categories: M & A, Securities Laws
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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.