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Perpetual private placement permutations


Lawyer Neill May
Area Corporate Finance and Securities


Article originally published in the Canadian Lawyer Magazine, May 2015

Excerpt from "Perpetual private placement permutations":

If it seems as though changes to the private placement rules are occurring on a more or less continuous basis, it’s because they are.  It is tempting to think of this in terms of Groundhog Day.  To me, though, the seemingly constant changes bring to mind the comments of the patriarchal grandfather in the movie Parenthood to one of his sons, describing how parental responsibility for children doesn’t end when those children pass into adulthood:  "It never ends.  It’s like your Aunt Edna’s ass. It goes on forever and it’s just as frightening. There is no end zone. You never cross the goal line, spike the ball, and do your touchdown dance.  Never."

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