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

Comment Period Ending for Proposed Prospectus Exemption for Distributions to Existing Security Holders

Posted by: · January 14th, 2014

On November 21, 2013 the Canadian Securities Administrators (“CSA”) comprised of securities regulatory authorities in all Canadian jurisdictions, except for Ontario and Newfoundland and Labrador, published for comment Multilateral CSA Notice 45-312 – Proposed Prospectus Exemption for Distributions to Existing Security Holders. The substantially harmonized proposed prospectus exemption (“Proposed Exemption”) would, subject to certain conditions, allow issuers listed on the TSX Venture Exchange (“TSXV”) to raise money by distributing securities to their existing securityholders. Under the…

CSA Proposes Prospectus Exemption for Distributions to Existing Securityholders of TSXV Issuers

Posted by: · November 26th, 2013

On November 21, 2013 the Canadian Securities Administrators (“CSA”) comprising of securities regulatory authorities in all Canadian jurisdictions, except for Ontario and Newfoundland and Labrador, published for comment Multilateral CSA Notice 45-312 – Proposed Prospectus Exemption for Distributions to Existing Security Holders. The substantially harmonized proposed prospectus exemption (“Proposed Exemption”) would, subject to certain conditions, allow issuers listed on the TSX Venture Exchange (“TSXV”) to raise money by distributing securities to their existing securityholders. Background …

Notice and Access System Introduced in Canada

Posted by: · March 15th, 2013

The British Columbia Securities Commission (in conjunction with the Canadian Securities Association) recently announced the adoption of amendments to 51-102 (Continuous Disclosure Obligations) and NI-54-101 (Communication with Beneficial Owners of Securities of a Reporting Issuer) and their respective companion policies (the “Amendments”). The Amendments introduce a notice-and-access system as an optional method to allow the electronic delivery of proxy-related materials. The notice-and-access system is intended to make communications easier and more cost-effective,…

Advance Notice Policies – Defence Against the AGM Ambush

Posted by: · February 27th, 2013

In Northern Minerals Investment Corp. v. Mundoro Capital Inc. (2012 BCSC 1090), the British Columbia Supreme court has affirmed the ability of company directors in British Columbia to institute an “Advance Notice Policy”, which requires that a company be notified in advance of any director nominees who are put forward for election at the company’s annual general meeting (“AGM”). Instituting an Advance Notice Policy before an AGM is the best…

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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.