SECURITIES LAW UPDATE: New Capital Raising Option for Canadian Listed Issuers

Canadian securities regulators adopt streamlined capital-raising option for Canadian-listed issuers.

The Canadian Securities Administrators (CSA) are introducing a new prospectus exemption available to reporting issuers that are listed on a Canadian stock exchange.

The new exemption relies on the issuer’s continuous disclosure record, as supplemented with a short offering document, and will allow, subject to certain limitations, these issuers to distribute freely-tradeable listed equity securities to the public.