Securities

The default rule of securities law is that absent an exemption, a distribution of securities cannot be effected in Canada without preparing and qualifying a prospectus with the relevant regulator, which is expensive and time-consuming. An alternate way of distributing securities is by way of private placement to specified potential purchasers through prospectus exemptions, which generally is simpler and less expensive. Securities laws apply to any issuer of securities, whether it is a public or private company. An issuer is simply a company.

Our securities law practice encompasses a broad spectrum of legal services, with a focus on pre-public financings, private placements of equity and debt securities, private investment in public equity (PIPEs), stock exchange listings (including the unique TSX Venture Exchange program, capital pool company qualifying transactions), related party transactions and Multilateral Instrument 61-101 compliance, and ongoing compliance with securities law and continuous disclosure requirements.