Canadian startups now have direct access to capital through equity crowdfunding under Canada’s Start-Up Crowdfunding Exemption (NI 45–110), introduced in September 2021. This exemption enables innovative businesses to raise funds from the public, allowing everyday Canadians to participate in early-stage investments once limited to high-net-worth individuals and venture capitalists.What is Equity Crowdfunding?Equity crowdfunding allows companies
The Listed Issuer Financing Exemption (LIFE), effective since November 21, 2022, allows issuers listed on Canadian stock exchanges with active businesses to distribute freely tradable listed equity securities to the public in reliance on their continuous disclosure record and a brief offering document. LIFE marks a significant shift in Canadian capital markets, broadening access to
When companies raise capital in Canada, they are generally required to provide a prospectus — a detailed document that discloses key information about the company and the securities it’s offering. A prospectus is essential for ensuring transparency and protecting investors, but in some cases, companies are permitted to raise capital without one. These cases are covered by
With recent changes to Canadian securities laws, average, everyday Canadians can now invest in opportunities traditionally available only to accredited investors and those closely connected to such ventures. Investors can acquire eligible securities of Canadian companies (issuers) valued at no more than $2,500 (or $10,000 if suitability advice has been obtained) after reviewing
The Start-Up Crowdfunding Exemption permits Canadian private-stage companies with operating businesses to raise up to $1.5 million in any 12-month period by distributing eligible securities valued at no more than $2,500 (or $10,000 if suitability advice has been obtained) per investor in reliance on a brief offering document and risk acknowledgment signed by each investor.
The new Listed Issuer Financing Exemption will permit issuers listed on Canadian stock exchanges with an operating business to distribute freely tradeable listed equity securities to the public in reliance on the issuer’s continuous disclosure record as supplemented with a brief offering document. The Canadian Securities Administrators have approved the new prospectus exemption and, subject
What Silicon Valley is to venture capital, Canada — especially Western Canada — is to junior public equity markets. Historically, it was predominantly companies in the mining and energy sectors that took advantage of these markets. Increasingly, our junior public equity markets serve a much broader base of sectors.Public equity markets aren’t reserved for institutional investors, high-net worth individuals and
With IIROC Notice 19–0051 dated March 26, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) has clarified that investment dealers can use and accept electronic signatures. Clients of investment dealers can now take full advantage of Capiche’s streamlined private placement subscription process. IIROC expects firms to have appropriate policies and procedures in place
Deals without ordeal — Issuers and investors both benefit as Capiche revamps private placementsArticle written by Greg Klein and published on May 29, 2018 in Resource ClipsAmong other things, the author writes: “Solidly rooted in resources, the two talents complemented each other as they combined a detailed knowledge of private placements, extensive experience with the flawed
Capiche — A New Platform for FinancingsThis article was originally written by Gwen Preston and published in the April 4, 2018 Edition of The Maven Letter (www.resourcemaven.ca). It is reprinted by Capiche with permission.A short note on a new business that I learned about recently — and that I think should become the standard new platform for