Raising Capital in Public Markets
- Public Offerings
- New Listed Issuer Financing Exemption
Public Offerings
Reporting issuers (or "public issuers") can raise capital from members of the public through prospectus offerings of debt and equity securities. A prospectus is a formal document that must provide certain details about an investment offering for sale to the public.
The following policies and instruments describe requirements for public offerings.
- Your Guide to Going Public: General information about becoming a public company
- Frequently Asked Questions about Prospectus Offerings
Related Instruments
- 41-101 General Prospectus Requirements [NI]
- 41-201 Income Trusts and Other Indirect Offerings [NP]
- 43-101 Standards Of Disclosure For Mineral Projects [NI], Companion Policy, 43-101F1 Technical Report
- 44-101 Short Form Prospectus Distributions [NI]
- 44-102 Shelf Distributions [NI]
- 44-103 Post-Receipt Pricing [NI]
- 46-201 Escrow for Initial Public Offerings [NP] and 46-201F1 Escrow Agreement
- 47-201 Trading Securities Using the Internet and Other Electronic Means [NP]
- 47-701 Blanket Permission Under Section 50(1)(c) of the Securities Act [BCN]
New 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.