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 for venture issuers more suitable and manageable at their stage of development. The amendments relate to continuous disclosure and governance obligations, and to disclosure for prospectus offerings.

The amendments (collectively, the "Amendments") will be implemented through changes to National Instrument 51-101 Continuous Disclosure Obligations ("NI 51-102"), National Instrument 41-101 General Prospectus Requirements, National Instrument 52-110 Audit Committees ("NI 52-110"), Companion Policy 51-102CP ("51-102CP"), and Companion Policy 41-101CP.