CSA Finalize Proposed Amendments to Rights Offering Regime
|Area||Corporate Finance and Securities|
The Canadian Securities Administrators have announced the implementation of a streamlined prospectus exemption for rights offerings. The amendments to the rights offering regime aim to make rights offerings more attractive by reducing the time and cost associated with raising capital from existing security holders. Provided all necessary approvals are obtained, the amendments will come into force on December 8, 2015.