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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

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…

CSA Provides Guidance on the Use and Disclosure of Preliminary Economic Assessments

Posted by: · January 25th, 2013

The Canadian Securities Administrators (the “CSA”) recently published CSA Staff Notice 43-307 – Mining Technical Reports – Preliminary Economic Assessments (the “Notice”) which sets out the CSA’s position on several issues regarding the use and disclosure of a preliminary economic assessment (a “PEA”), as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The economic analysis by way of a PEA is generally the first…

BCSC Releases 2012 Mining Report

Posted by: · January 24th, 2013

The British Columbia Securities Commission (“BCSC”) released its 2012 Mining Report (the “Report”) setting out the current views and interpretations of BCSC staff. The report is the first of its kind for BCSC and provides an overview of the types of mining disclosure reviews undertaken by the BCSC. The Report provides market participants with information on how to improve disclosure and on interpretative issues that have arisen during the 2012 year…

CSA Publishes Proposed NI 51-103 Ongoing Governance and Disclosure Amendments

Posted by: · January 21st, 2013

In July 2011, the Canadian Securities Administrators (the “CSA”) published for comment a proposed National Instrument 51-103 Ongoing Governance and Disclosure Requirements for Venture Issuers (“NI 51-103”) and rule amendments (collectively, the “Original Proposals”) proposing a new mandatory regulatory regime for “venture issuers”.  Following a review of comments received, the CSA re-published a modified NI 51-103 and related rule amendments (collectively, the “Revised Proposals”) for a second comment period. We were…

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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.