LEGAL UPDATES, OPINIONS & ANALYSIS FOR THE
MINING EXPLORATION & DEVELOPMENT INDUSTRY
910 – 800 West Pender Street
Vancouver BC V6C 2V6
Tel: 604.685.6100
Fax: 604.692.4900

header-image

CSA Adopts Prospectus Exemption for Distributions to Existing Securityholders

Posted by: and · May 15th, 2014

On March 13, 2014, the Canadian Securities Administrators (the “CSA”) issued a notice adopting a prospectus exemption (the “Exemption”) which allows issuers listed on the TSX Venture Exchange (the “TSXV”), the Toronto Stock Exchange (the “TSX”) or the Canadian Securities Exchange (the “CSE”) to raise money by distributing securities to their existing securityholders. The Exemption has been implemented in all provinces and territories in Canada except for Ontario, Newfoundland and…

TSXV Issues Bulletin on Discretionary Waivers of $0.05 Minimum Pricing Requirements

Posted by: · April 8th, 2014

The policies of the TSX Venture Exchange (“TSXV”) include a requirement that the offering price for a financing involving the issuance of listed shares be not less than the Discounted Market Price (as defined in the TSXV Policies) and is further subject to a minimum price per share of $0.05. Recognizing the difficulty this minimum pricing creates for certain issuers to conduct financings, the TSXV maintains the discretion to waive…

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…

Santiago Exchange and TSX Venture Exchange enter into agreement to develop new venture market in Chile

Posted by: · March 17th, 2014

Santiago Stock Exchange and TSX Venture Exchange (TSXV), announced they have entered into an agreement that will lead to the creation of a new venture exchange division of the Santiago Stock Exchange, called the Santiago Stock Exchange, Venture. The Santiago Stock Exchange, Venture will initially focus on capital formation for small and medium enterprises in the mining sector, leveraging the experience and expertise of the TSXV. The Santiago Stock Exchange, Venture will…

Merger Transactions: Plans of Arrangements versus Take-over Bids

Posted by: · March 13th, 2014

There are typically two main methods for effecting a corporate combination of two public companies: plans of arrangements and take-over bids. This blog will briefly summarize the two and highlight the advantages and disadvantages of each. Plans of Arrangement In a typical merger by way of a plan of arrangement, the acquiror incorporates a special purpose company to merge with the target. This structure is referred to as a “triangular…

Categories: M & A
SUBSCRIBE TO THIS BLOG VIA EMAIL

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.