The TSX Venture Exchange sent out the following notice on January 13, 2014:
As you may know the CSA is looking for comments for its new proposed prospectus exemption for existing security holders. The deadline for comments is January 20, 2014. This link will take you to the proposed exemption.
Under the proposed exemption, security holders of TSX Venture listed companies would, subject to certain conditions, be able to participate in private placements done by listed companies. We believe that the proposed new prospectus exemption is an excellent initiative which (if it becomes effective) will have a positive impact for our listed companies as well as for their security holders (who are often not eligible to participate in private placements under existing exemptions).
Without support from the community there is no guarantee that the exemption will be implemented. If you support this exemption please send a brief comment to one of the addresses noted below expressing your support.
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
P.O. Box 10142, Pacific Centre
701 West Georgia Street
Vancouver, British Columbia V7Y 1L2
Fax: 604-899-6581 email@example.com
Legal Counsel, Corporate Finance
Alberta Securities Commission
Suite 600, 250-5th Street SW
Calgary, Alberta T2P 0R4
Fax: 403-297-2082 firstname.lastname@example.org