For many growth businesses, going public is an attractive way to access capital, increase visibility for their brands and create liquidity for shareholders.
To facilitate small, local financings by Alberta-based start-up businesses, the Alberta Securities Commission (the “ASC”) has implemented ASC Rule 45-517 - Prospectus Exemption for Start-up Businesses.
In British Columbia, the Securities Act and the rules adopted by the British Columbia Securities Commission (“BCSC”) impose a number of obligations on corporations. One of the main objectives of