We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
The OSC today released a notice providing guidance for issuers and
advisors preparing and filing reports of exempt distribution under
NI 45-106Prospectus and Registration Exemptions. Among
other things, the notice reminds filers to identify the
correct prospectus exemption relied on for the distribution in
Ontario (and specifically notes that certain exemptions, like the
family, friends and business associates exemption, are not
available in the province) and states that an explanation should be
provided if the purchase price for the securities distributed is
$0. As
we discussed in April, CSA staff recently released a
notice highlighting issues identified in reports of exempt
distributions and providing guidance relevant to the preparation of
the form.
The OSC also announced that an electronic
version of Form 45-106F1Report of
Exempt Distribution will now be available on its website.
The form, which is required in respect of distributions made in
reliance on certain specified prospectus exemptions, can now be
filled out and submitted online.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
An insider trading decision of the Alberta Securities Commission (the "Commission") released on April 10, 2013, provides a thoughtful and practical approach by a securities commission to its assessment of what constitutes a "material fact".
This article touches on some of the key types of businesses and explains what a might be the typical role of a lawyer in providing advice or assistance to you in setting up your business or in having others join you in your business.
In the decision MDV Representations v. Corporation Xprima.com, the Superior Court highlights the importance of drafting termination clauses in a service contract using clear and simple language.
The Alberta Court of Appeal has recently released a decision that adds much needed clarity to when an officer or director of a corporation will be personally liable for torts committed by a corporation.
A discussion on a recent case, which provides a cautionary tale on the dangers of entering into a share purchase agreement and subsequently closing a share purchase transaction, without ample due diligence.
In our last post, we outlined some of the reasons why corporate spin-offs are used. In this post, we address some of the most common methods used to implement the corporate spin-off.
Crowd Funding: Raising Capital For Business Start-Ups & SME's (Video Content)
