Globe and Mail / Clare O’Hara / 12 January 2016
With plummeting oil prices and a declining Canadian dollar, investors in Ontario seeking alternative investments can now access private capital markets that were once available only to high-net-worth individuals.
Last October, provincial regulators announced that a new offering memorandum (OM) exemption would be introduced in Ontario effective Jan. 13, 2016. Until now, Ontario has been the only Canadian province without an OM exemption for raising capital privately.
In Ontario, the introduction of the OM exemption will allow business enterprises, particularly small and medium-sized companies, to benefit from greater access to capital from investors than has been previously permitted under Ontario securities law.
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