OSC creates exemption to enable flow of love money
The Ontario Securities Commission (OSC) has published a prospectus exemption that is intended to provide a cost-effective way for early-stage issuers to raise capital from their networks of family, close personal friends and close business associates. The exemption, which is not available to investment funds, has been harmonized with an exemption that is currently available in other Canadian jurisdictions. Subject to ministerial approval, it will come into effect on May 5, 2015.
20 February 2015•3 mins read
