Listed Issuer Financing Exemption
On November 21, 2022, the Listed Issuer Financing Exemption came into force. This new prospectus exemption for issuers listed on a Canadian stock exchange aims to provide a more efficient way for raising capital. Issuers using this exemption may annually raise up to the greater of $5 million or 10 per cent of the issuer’s market capitalization, to a maximum of $10 million. Securities issued under the exemption will be freely tradeable.