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

TSXV Implements Certain Policy Amendments in Connection with Minimum Pricing Guidelines

Posted by: · September 8th, 2013

On August 14, 2013 the TSX Venture Exchange’s (the “TSXV”) issued a bulletin implementing formal policy amendments that will have the effect of liberalizing certain requirements and restrictions pertaining to minimum pricing rules and capital structure matters. This comes soon after the lapse of certain temporary measures relieving issuers from pricing requirements. The primary purpose of the amendments to the TSXV’s Corporate Finance Manual (the “Manual”) is to promote and facilitate access…

Lapsing of TSXV Temporary Relief Measures

Posted by: · August 15th, 2013

The TSX Venture Exchange (the “TSXV”) issued a bulletin on August 7, 2013 notifying issuers of the lapse of certain temporary relief measures to pricing requirements, anticipated policy amendments relating to minimum pricing of offerings and the rescission of deal structure and founder share guidelines. Please see our post on the bulletin issued by the TSXV introducing the temporary relief measures in August 2012, and our post on the TSXV’s extension…

TSXV Extends Temporary Relief Measures

Posted by: · April 12th, 2013

The TSXV issued a bulletin dated April 12, 2013 extending the temporary relief measures (the “TRM”) originally introduced in August 2012. The TRM relieve issuers of certain pricing requirements and permit companies: whose share price is below $0.05 to price share or unit offerings at market, to price debenture conversions at below $0.10, and to issue offerings with warrant exercise prices below $0.10. For the period of August 17, 2012 to…

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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.