Tag: Prospectus

Mortgage Investment Corporation Offering Memorandum

1 Aug

Notice of Use of Proceeds 45-106F16 and the Offering Memorandum Exemption

What is Form 45‑106F16 & Why It’s Required Form 45‑106F16 is the Notice of Use of Proceeds that non‑reporting issuers relying on the Offering Memorandum (OM) exemption under NI 45‑106...

1 Aug

The Complexities of the Offering Memo Exemption, Ongoing Requirements and Pitfalls

Offering Memorandum Exemption under NI 45‑106 (Ontario) Eligibility & Purpose NI 45‑106 section 2.9 allows non‑reporting issuers to raise capital from the public via an Offering Memorandum (OM) distributed to...

23 Dec

Securities Law & Regulations of a MIC, a Mortgage Investment Corporation

A “Trade” (i.e. selling shares to investors in this case) triggers the “Registration” requirement, even if the trade is not a “distribution”. Just because there is...