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ARTICLE · 17 NOVEMBER 2022

What You Need To Know About The Listed Issuer Financing Exemption

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If you're a reporting issuer looking to list securities on a Canadian stock exchange without filing a prospectus, a new prospectus exemption will allow you to do just that.

CanadaFinance and Banking
Sheldon McDonald
Sheldon McDonald
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If you're a reporting issuer looking to list securities on a Canadian stock exchange without filing a prospectus, a new prospectus exemption will allow you to do just that.

Earlier this year, the Canadian Securities Administrators announced they would introduce a new Listed Issuer Financing Exemption, which we discussed in a previous blog. This exemption becomes available on November 21, 2022, allowing reporting issuers to list shares on a stock exchange by preparing a short offering document (the "Offering Document").

In this blog, we'll summarize what you need to include in your Offering Document.

General Drafting Instructions

Your Offering Document must be drafted in "plain language" that is easily understood by investors and does not include overly complex jargon or industry-specific terms that aren't explained. The document should use the headings set out in form 45-106F19.

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