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ARTICLE · 11 APRIL 2016

Revisions To Offering Memorandum Rules Across Canada

Miller Thomson
Miller Thomson
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Miller Thomson

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Effective January 13, 2016, issuers in Ontario were able to take advantage of the offering memorandum prospectus exemption (the "OM Exemption").

CanadaCorporate/Commercial Law

Effective January 13, 2016, issuers in Ontario were able to take advantage of the offering memorandum prospectus exemption (the "OM Exemption"). This new OM Exemption will facilitate capital-raising by allowing issuers in Ontario to access a wider range of investors, as is currently available to issuers in each of the other jurisdictions in Canada.

Along with this new OM exemption in Ontario, effective April 30, 2016, the Securities Regulatory Authorities in each of Alberta, Saskatchewan, Quebec, New Brunswick and Nova Scotia are amending their existing offering memorandum exemptions such that the new OM Exemption will be substantially harmonized across Ontario and each of these provinces.

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