Archive for the ‘Securities’ Category
Pushor Mitchell and Partner Keith Inman are legal counsel to Peninsula Co-op as the company enters into an agreement with the owners of Liquor Express to acquire seven of their retail locations on Vancouver Island.
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As of October 1, 2020, private companies in British Columbia have been required to comply with disclosure requirements regarding their company’s beneficial ownership and control with the purpose of increasing corporate transparency to end hidden ownership.
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Pushor Mitchell partner Keith Inman is pleased to announce that he has been appointed to the board of directors of VR Resources Ltd.
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If you have a corporation governed by the Canada Business Corporations Act, there are proposed increased transparency requirements that you should be aware of.
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Pushor Mitchell LLP is pleased to have acted as legal counsel to 5D Acquisition Corp.
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The Canadian Securities Exchange (the “CSE”) has adopted significant amendments to its policies, as well as additional clarity, which should prove useful to management of listed issuers.
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The Canadian Securities Administrators have approved amendments to National Instrument 45-106 - Prospectus Exemptions, to introduce the new “Listed Issuer Financing Exemption” for companies listed on a Canadian stock exchange.
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The Canada Business Corporations Act (“CBCA”) was amended effective August 31, 2022 to require shareholders of a public company governed by such legislation to vote “for” or “against” directors at annual meetings of shareholders.
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Deciding to become a publicly traded company is an extremely important decision that must be carefully considered by management of a company.
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Pushor Mitchell LLP is pleased to have acted as legal counsel to GeneTether Therapeutics Inc. in connection with its initial public offering of Units.
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On December 1, 2020 the TSX Venture Exchange announced long awaited changes to its Capital Pool Company program.
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On April 10th, the Canadian government provided clarity around its plans for the full legalization of marijuana.
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When negotiating the purchase and sale of a business, the parties to the transaction frequently look for ways to structure the deal to ensure that all parties’ interests are met.
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The British Columbia government has recently announced a few measures that should be welcome news to local companies involved in grassroots mineral exploration in the Province.
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Deciding to become a publicly traded company is an extremely important decision that must be carefully considered by management of a company.
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When real estate developers consider disclosure requirements they commonly think of the obligations under the Real Estate Development Marketing Act.
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For many growth businesses, going public is an attractive way to access capital, increase visibility for their brands and create liquidity for shareholders.
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To facilitate small, local financings by Alberta-based start-up businesses, the Alberta Securities Commission (the “ASC”) has implemented ASC Rule 45-517 - Prospectus Exemption for Start-up Businesses.
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A friend of mine recently came to me with a hot stock tip that he was sure was going to make us both a lot of money.
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In the commercial context, “security” is an interest in property given by a debtor (borrower) to a creditor (lender) – in support of a promise to pay.
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On March 20, 2014 the British Columbia Securities Commission (BCSC), along with the securities regulators in Québec, New Brunswick, Manitoba and Nova Scotia, published a Notice and Request for Comment for a proposed a new exemption from the prospectus requirements to enable private companies to raise smaller amounts of money from members of the public over the internet.
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In British Columbia, the Securities Act and the rules adopted by the British Columbia Securities Commission (“BCSC”) impose a number of obligations on corporations. One of the main objectives of the Securities Act and the BCSC is to protect investors when they invest in “securities”, such as shares of a corporation.
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In the article entitled “Does the Securities Act Apply to My Corporation? The Answer Might Surprise You”, we noted that when a corporation issues shares it has to provide an investor with a “prospectus” unless the corporation can rely on an exemption from this requirement.
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In Canada, securities regulation consists of three main components: prospectus requirements, registration requirements and (for reporting issuers such as publicly listed corporations) continuous disclosure requirements. The prospectus requirements and registration requirements apply to all trades of securities, whether the trade involves securities of a public entity or a private entity. (For more information on prospectus [...]
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