The United States Securities and Exchange Commission
("SEC") has recently adopted amendments to the accredited investor
standards in the rules under the Securities Act of 1933 ("U.S.
Securities Act") in order to conform to the requirements of
the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Effective February 27, 2012, the definition of "accredited
investor" in the rules under the U.S. Securities Act will
exclude the value of a person's primary residence for purposes
of determining whether the person qualifies as an "accredited
investor" on the basis of having a net worth in excess of US$1
The accredited investor exemption in Canada may also be subject to
amendment in the near future. As discussed in a
previous post, the Canadian Securities Administrators
("CSA") are in the process of reviewing certain
prospectus exemptions, including the accredited investor exemption
and the $150,000 minimum amount exemption. In connection with the
CSA's review, the Ontario Securities Commission
("OSC") has announced three upcoming roundtable
discussions to obtain input from investors, issuers, registrants
and professional advisors as to whether any changes to the
prospectus exemptions may be appropriate. The roundtable
discussions will take place on February 2, February 8 and February
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Only going to one mining investment show? Make it this one. PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration.
The four-day annual convention held in Toronto, Canada, has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry. In addition to meeting over 900 exhibitors, 22,000 attendees from over 125 countries, it allows you the opportunity to attend technical sessions, short courses as well as social and networking events.
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The use of electronic signatures is becoming increasingly commonplace in commercial transactions, as individuals and businesses capitalize on the administrative efficiency afforded by today’s digital world.
After several months of consultation and deliberations, the Organisation for Economic Co-operation and Development rendered public a revised draft Guidance on Due Diligence for Responsible Business Conduct.
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