LEGAL UPDATES, OPINIONS & ANALYSIS FOR THE
MINING EXPLORATION & DEVELOPMENT INDUSTRY
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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…

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…

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…

OSC Issues Guidance to Mining Issuers Preparing MD&A

Posted by: · March 19th, 2014

On February 6, 2014, the Ontario Securities Commission (the “OSC”) published OSC Staff Notice 51-722 – Report on a Review of Mining Issuers’ Management’s Discussion and Analysis and Guidance (the “Guidance”). The OSC recently conducted a review of small mining issuers’ Management Discussion and Analysis (“MD&A”) disclosure practices and the Guidance summarizes the results of that review, identifying areas of improvement for mining issuers having a market capitalization of less than $100…

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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.

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