How Much Money Can a Company Keep When Crowdfunding?

all or nothing offering

De-Mystifying Minimum, Maximum, ‘Keep it All’ and ‘All or Nothing’ Offerings By Brian Koscak and Alixe Cormick  Securities regulators and those active in the financial industry seem to have their own secret language. Sometimes it can be difficult for companies and investors to understand what it all means. In this article, we are going to […]

The $150,000 Minimum Investment Exemption in Canada – Proposed Changes

h

In Canada, an issuer does not have to provide an investor with a prospectus if an investor purchases, as principal, a security of a single issuer and pays $150,000 or more in cash at the time of the investment. This is a simple prospectus exemption that is based on a minimum investment amount (the MA […]

PCMA Comment Letter to Proposed CSA Changes to Accredited Investor and Minimum Amount Exemptions

As Chair of the Private Capital Markets Association of Canada (PCMA), I am pleased to have contributed to the preparation and submission of the PCMA’s comment letter to the Canadian Securities Administrators (the CSA) about proposed changes to the accredited investor exemption (theAI exemption) and the minimum amount exemption (the MA exemption) as set out […]

Crowdfunding Experts Interview with Brian Koscak, Co-Chair ECFA Canada

By Brian Koscak - On May 29, 2014, I attended and spoke at a full-day conference held by the Equity Crowdfunding Alliance of Canada (the ECFA) in Vancouver, British Columbia. I was interviewed by Sydney Armani, Founder of Crowdfundbeat during the conference to discuss ECFA’s cross country tour on equity crowdfunding including highlights from the Vancouver event. [...]

Infographic – 13 Key Statistics on the Offering Memorandum Exemption in Alberta

BrianInfograph_LIBlue1

On March 20, 2014, the Alberta Securities Commission (the ASC) published statistics about the use of the offering memorandum exemption in s. 2.9 of National Instrument 45-106  Prospectus and Registration Exemptions (the OM Exemption) for the Province of Alberta.This provides useful data, albeit Alberta-only data. The key statistics below are taken directly from Annex B Background – Local Experience with […]