New Brunswick Securities Commission
Jeff Harriman,Capital Markets
Specialist
Tech South EastMoncton, N.B.
21 February 2012
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NB’s Regulator:The New Brunswick Securities Commission
Independent Crown agency established
in 2004
Traditional regulatory responsibility:
protecting investors
Non-traditional regulatory role:
advocating for entrepreneurs and
capital markets growth
Picture from new-brunswick.net
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Public and Private Equity
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General rule
When a company issues securities that are a
“distribution”, those securities:
must be qualified by a prospectus
Issuing a prospectus is most often used for raising
public money.
Raising private money is considered the “Exempt
Markets”
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Exemptions may be used
to start a company
to reward employees
to raise money to finance the development of a
business
to reorganize a business
to sell a business
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Commonly used exemptions
private issuer
family, friends and business associates
$150,000 minimum amount investment
accredited investors
employee, executive officers, director and
consultant
offering memorandum
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What to look for in an investor
Passive vs. active partner
Industry knowledge
Track record of success
Trustworthy
Local knowledge
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…and finally
More informationwww.nbsc-cvmnb.ca/Capital
Contact 866 933-2222 (toll free in NB)506 658-3060
Thank you for your participation!