Beware When “Going Dark” In The United States
On April 22, 2015, the Securities and Exchange Commission (SEC) charged W2007 Grace Acquisition I Inc., a real estate investment firm, with failing to make ... Continued
Amendments to Disclosure Rules for Venture Issuers
On June 30, 2015, amendments to various disclosure requirements for venture issuers will come into force. The amendments are intended to make the disclosure requirements ... Continued
Regulation A+ – A Limited Additional Tool for Fundraising
With much fanfare, the Securities and Exchange Commission (SEC) in the U.S. announced on March 25, 2015 that it has adopted rules to facilitate smaller ... Continued
Amendments to Prospectus Exemptions and Additional Obligations for Issuers and Brokers
On May 5, 2015, changes to National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”) will come into force which will put additional responsibility on ... Continued
SEC Charges Insiders for Failure to Update Stock Ownership Disclosure
On March 13, 2015, the Securities and Exchange Commission (the “SEC”) announced that it charged eight officers, directors, or major shareholders for failing to update ... Continued
Former CFOs Required to Return Bonus and Stock Profits
On February 10, 2015, the Securities and Exchange Commission (the “SEC”) announced that two former CFOs have agreed to return bonuses and stock sale profits ... Continued
Amendments to Prospectus Exemptions and Additional Obligations for Issuers and Brokers
On May 5, 2015, changes to National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”) will come into force which will put additional responsibility on ... Continued
TSX Venture Exchange Amends Policies on Loans, Bonuses and Finder’s Fees
Effective January 26, 2015, the TSX Venture Exchange (the “TSXV”) is implementing amendments to its Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions ... Continued
TSX Venture Exchange Amends Policies on Private Placements
Effective January 26, 2015, the TSX Venture Exchange (the “TSXV”) is implementing amendments to its Policy 4.1 – Private Placements (“Policy 4.1”) and the related ... Continued
TSX Venture Exchange Introduces New Electronic Private Placement Filing Procedure
The TSX Venture Exchange (“TSXV”) has introduced a new online filing portal, called V-File, for private placement submissions. Although paper filings for private placement submissions are still accepted by the TSXV, the intention is that in due course only electronic submissions will be accepted.
Canadian Securities Regulators Propose to Revive and Streamline Rights Offerings
On November 27, 2014, the Canadian Securities Administrators (“CSA”) published for comment proposed amendments (the “Proposed Amendments”) to the rules governing rights offerings in Canada. ... Continued
Duty of Good Faith and Honest Performance Extended to All Contracts in Canada
On November 13, 2014, the Supreme Court of Canada updated Canadian common law by extending for the first time the principle of good faith to ... Continued