News

LIFE (Listed Issuer Financing Exemption) Instrument

Public companies can now execute private placements quickly.

On November 21, 2022, amendments were made to National Instrument 45-106 Prospectus Exemptions (NI 45-106) among other related changes by the Canadian Securities Administrators (CSA), introducing the listed issuer financing exemption (also known as the listed issuer exemption). This exemption permits reporting issuers with equity securities on a Canadian exchange to gather funds through the submission of a Form 45-106F19 Listed Issuer Financing Document (an offering document) and to issue freely tradeable equity securities, leveraging the issuer's ongoing disclosure record, within the framework provided by NI 45-106.

Subsequently, on June 1, 2023, the CSA released CSA Staff Notice 45-330 Frequently Asked Questions about the Listed Issuer Financing Exemption (CSA Notice 45-330), which served to clarify common inquiries concerning the listed issuer exemption. This document, CSA Notice 45-330, delves into several principal concerns and inquiries regarding the listed issuer exemption, drawing on the CSA's insights and the feedback received from stakeholders in the market over the first six months following the exemption's implementation.

New Prospectus Exemption - Summary of Practical Financing Use Cases

Updated: April 11, 2024

Vision Marine Partners with BRP - Bombardier to Accelerate Marine Electrification

Vision Marine Technologies Inc. (NASDAQ: VMAR) has announced a strategic collaboration with BRP Electrification Engineering Services a division of BRD (NASDAQ: DOOO) to enhance and accelerate development of its EnMotion™ high voltage marine propulsion platform. According to the release, the partnership seeks to combine Vision Marine’s proprietary electric powertrain

Soma Gold Corp. (TSXV: SOMA | OTC: SMAGF | WKN: A2P4DU) - Agreement reached to end strike at El Bagre operation

Overview Soma Gold Corp. announced it has reached an agreement with Sintramienergetica Nacional to end the strike at its El Bagre operation in Colombia. The resolution follows 88 days of negotiations, 20 meetings, and 57 days on strike, aided by mediation from Colombia’s Vice Ministry of Labor, Sandra Muñoz.

White Gold Corp. (TSX.V: WGO | OTCQX: WHGOF | FRA: 29W) — High-Grade Mineralization Expanded at Golden Saddle: 6.9 g/t Au over 50.2 m; Footwall & Hanging-Wall Zones Strengthened

Overview White Gold Corp. (“White Gold” or the “Company”) reported assay results from the first hole of its 2025 diamond drill program at the flagship Golden Saddle deposit on the White Gold Property in west-central Yukon. Hole WHTGS25D0218A delivered one of the best intervals ever reported on the property: 6.

MDA Space Ltd. (TSX: MDA) Makes $10 Million Strategic Investment in Maritime Launch Services Inc. (Cboe CA: MAXQ | OTCQB: MAXQF)

Overview MDA Space Ltd. (“MDA Space”) and Maritime Launch Services Inc. (“Maritime Launch” or “the Company”) have announced a CA $10M equity investment by MDA Space into Maritime Launch at a price of CA $0.223 per share, marking a key milestone in the development of Spaceport Nova Scotia, Canada’