The Ontario Securities Commission (“OSC”) is adopting four new private placement exemptions: • a crowdfunding exemption; • an offering memorandum exemption; • a family, friends and business associates exemption; and • an exemption that allows a reporting issuer to issue securities to its existing security holders. Crowd Funding Exemption The emergence of crowdfunding as not...

Crowdfunding is a high profile means of raising seed capital for start-ups.   Services such as kickstarter and indiegogo are frequently looked to by Canadian companies as potential funding vehicles.   Unfortunately, raising money by crowdfunding services such as these is not a viable option for most Canadian start-up businesses.   The reason being that...