The Toronto Stock Exchange (the TSX) has recently published a Staff Notice on the pricing of stock options (Options) granted prior to an initial public offering (an IPO). Subsection 613(h)(i) of the TSX Company Manual states that Options granted under a security based compensation agreement may not be granted with an exercise price which is […]
British Columbia Says OM Exemption = Equity Crowdfunding
The British Columbia Securities Commission (the BCSC) published a Guide in October 2013 called Capital Raising For Small Business (the Guide). The Guide states that it is for any small business, whether it be a start-up or an established business, that wants to raise money from private investors. It sets out how raising money from private investors differs from […]