News Release

Vancouver – Mining companies will learn how they can raise capital more quickly at less cost through a new disclosure system that the B.C. Securities Commission is proposing at a free workshop Thursday in Toronto.

The Prospectors and Developers Association of Canada (PDAC) is hosting the workshop which will be held from 7:30 a.m. to 10 a.m. at the Royal York Hotel in Toronto. The featured speakers will be representatives from the BCSC who will talk about their proposals to reduce regulatory burden in Canada.

Company directors, officers and advisors attending the workshop will learn about the commission’s proposal for a Continuous Market Access (CMA) system that replaces the current prospectus-based system public companies use to raise money from investors.

“CMA would provide better and more timely disclosure to investors than the current prospectus-based system,” said BCSC Vice Chair Brent Aitken, one of the workshop presenters. “We found in a cost-benefits study that companies would save as much as $170-million in capital-raising costs over a five-year period if we adopted the CMA system.”

At the workshop, mining industry insiders will learn how:
· The CMA system could help their companies raise money faster and put more of it in the ground
· Eliminating prospectuses would cut their time-to-market up to 56 per cent, and
· The CMA system cuts through the regulatory maze for capital raising.