CSA Creates New Exemption to Allow Eligible Listed Public Companies to Issue Freely Tradable Securities Without Filing a Prospectus
Issuers utilizing the Exemption will be required to issue a press release announcing the distribution and file a short offering document containing the information specified in Form 45-106F19 Listed Issuer Financing Document (the “Offering Document”). Such information includes the details and price of the securities being offered, a brief summary of the issuer’s business and any recent developments, any material facts not otherwise disclosed in the issuer’s public disclosure, and the use of the funds raised. The Offering Document will not be reviewed by applicable CSA staff in advance of the distribution. If the Offering Document contains any misrepresentations, the issuer, and in some jurisdictions, the executives signing the Offering Document and the issuer’s directors, would be subject to the statutory liability regime applicable to prospectus offerings.
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Banking and Financial Services
The Acquisition and Leveraged Finance Review 9th Edition - Canada Chapter
Jean Anderson, David Nadler, Carrie Smit, David Wiseman, Caroline Descours, Steven Marmer, and Cathy Costa-Faria co-authored the Canada Chapter of The Law Reviews' Acquisition and Leveraged Finance… -
Capital Markets
CSA and IIROC Seek Guidance on Regulatory Framework for Short Selling in Canada
The Canadian Securities Administrators (“CSA”) and the Investment Industry Regulatory Organization of Canada (“IIROC”) have released a joint Staff Notice 23-329 (the “Staff Notice”) seeking feedback… -
Capital Markets
TSX Proposes TSX Company Manual Amendments to Clarify When it Will Apply its Private Placement Rules to Prospectus Offerings
The Toronto Stock Exchange (TSX) has published for comment proposed amendments (the “Proposed Amendments”) to the TSX Company Manual (the “Manual”) that clarify when the TSX will apply its private… -
Capital Markets
ISS Announces Updates to Benchmark Proxy Voting Guidelines for 2023
Proxy advisor Institutional Shareholder Services (ISS) recently updated its Benchmark Proxy Voting Guidelines, which generally apply to shareholder meetings beginning in 2023 or 2024. The updates… -
Capital Markets
CSA Announces Results of Continuous Disclosure Review for Fiscal Years 2021 and 2022 Emphasizing Challenges of Disclosure During Economic Uncertainty
The Canadian Securities Administrators (CSA) recently published Staff Notice 51-364 (the “Staff Notice”), summarizing the results of its Continuous Disclosure Review Program for fiscal years… -
Capital Markets
OSC Introduces Self-Certified Investor Prospectus Exemption
OverviewThe Ontario Securities Commission (OSC) has adopted a new prospectus exemption (the “Self-Certified Investor Prospectus Exemption”) applicable to prospective investors that meet certain…
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Capital Markets
NorthWest Healthcare Properties REIT $150 Million Supplement and $165 Million Equity Financing
Goodmans LLP acted for NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (“NorthWest” or the “REIT”) in connection with its $150,006,000 supplement dated March 25, 2022 and in… -
Capital Markets
BSR REIT $115 Million Bought Deal Equity Offering
Goodmans LLP acted for BSR in connection with its public offering of trust units of the REIT to a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and CIBC Capital Markets… -
Capital Markets
Playmaker Capital Final Base Shelf Prospectus
Goodmans LLP acted for Playmaker Capital Inc. (TSX-V: PMKR) (“Playmaker”) in connection with the filing of its final short form base shelf prospectus on April… -
Capital Markets
NorthWest Healthcare Properties REIT Completes Public Equity Offering for Gross Proceeds of $172,506,900
Goodmans LLP acted for NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") in connection with its previously announced public offering (the "Public… -
Capital Markets
Medicine Man Technologies NEO Listing
Goodmans LLP acted for Medicine Man Technologies, Inc., dba Schwazze (OTCQX: SHWZ) (NEO: SHWZ) in connection with their listing of common shares on the NEO Exchange – a tier one Canadian stock… -
Capital Markets
Sienna Senior Living Common Share Offering for Gross Proceeds of Approximately $86 Million
Goodmans LLP acted for Sienna Senior Living Inc. (TSX:SIA) (“Sienna” or the “Company”) in the connection with a bought deal offering (the “Offering”) of common shares of the Company (“Common Shares…
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Capital Markets
Emily Ting named 2022 Lexpert Rising Star
Goodmans is pleased to congratulate Emily Ting who has been honoured as one of Lexpert® Rising Stars: Leading Lawyers Under 40 for 2022.Emily Ting is a partner and co-head of a business law group at… -
Banking and Financial Services
Goodmans named one of Canada's Best Law Firms for 2023
We’re pleased to announce Goodmans was once again named to The Globe and Mail’s Canada’s Best Law Firms list, recognizing the firm as one of the country’s best law firms for 2023.Goodmans was… -
Banking and Financial Services
The Legal 500 Canada Continues to Recognize Goodmans with Top Tier Rankings
We are pleased to announce Goodmans LLP has once again received top tier recognition from The Legal 500 Canada in their 2023 Guide released today. Recognition from The Legal 500 is based on…