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Juniors to benefit from C$10M LIFE prospectus exemption

The Canadian Securities Administrators have thrown a lifeline to microcap companies, including many junior explorers, by announcing a prospectus exemption for issuers looking to raise less than C$10 million, a move which will make it simpler and cheaper for companies to raise modest sums of capital.

Juniors to benefit from C$10M LIFE prospectus exemption Juniors to benefit from C$10M LIFE prospectus exemption Juniors to benefit from C$10M LIFE prospectus exemption Juniors to benefit from C$10M LIFE prospectus exemption Juniors to benefit from C$10M LIFE prospectus exemption

Juniors get Canada LIFE-line

The amendments to National Instrument 45-106, introduce the listed issuer financing exemption (LIFE), which is expected to come into effect on November 21.