Effective May 5, 2015 the Ontario Securities Commission (“OSC”) introduced a friends and business associates prospectus exemption (“FFBA Exemption”) to allow issuers (other than investment funds) to raise capital from their networks of family, close personal friends and close business associates. The FFBA Exemption is…

The securities commissions in British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (“participating jurisdictions”) have adopted a new registration and prospectus exemption (“start-up crowdfunding exemption”) that allows start-up and early stage companies to raise capital in these jurisdictions, subject to certain conditions. The…

From National Magazine: Legal Insights and Practice Trends – a magazine published by the Canadian Bar Association”Barbara Hendrickson was ahead of the pack when she founded BAX Securities Law in Toronto in 2012 and started offering alternative fee structures from day one.”…Read more: http://www.nationalmagazine.ca/Articles/Mai-2015-Web/Alternative-fee-arrangements.aspx

New Rules on using the Accredited Investor Exemption May 5, 2015On February 19, 2015 the Canadian Securities Administrators (“CSA”) published guidance that clarified how the accredited investor exemption in National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) was to be applied in Canada.  Going forward the CSA…

Prospectors & Developers Association of CanadaInternational Convention Trade Show & Investors Exchange March 3, 2015 Chair Barbara Hendrickson, CEO Securities Partner BAX Securities LawCapital Markets Open Program:  How can we get risk capital back?The Capital Markets Open Program will focus on financing options available for exploration…

The Canadian Securities Administrator’s announced certain changes to the accredited investor exemption on February 19, 2015 (effective May 5, 2015).  The changes require, among other things, that issuers selling under the accredited investor exemption include a new risk acknowledgement form (45-106F9) for most individual accredited…

On February 19, 2015 the Ontario Securities Commission announced the introduction of the family, friend and business associates exemption (“FFBA exemption”) effective May 5, 2015.  The purpose of the new rules is to bring Ontario in line with the rest of the Canadian jurisdictions to…

Barbara is running for Bencher of the Law Society of Upper Canada. The Law Society of Upper Canada is mandated to govern the legal profession in the public interest. Benchers sit as embers of Convocation to fulfill that mandate. The Bencher election will be held…

Effective February 11, 2015, the Ontario Securities Commission amended OSC Rule 45-501 to introduce a new prospectus exemption that allows issuers listed on the TSX, the TSXV, the CSE or the Aequitas NEO Exchange to raise capital from existing shareholders. The introduction of the existing…