British Columbia

British Columbia: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by British Columbia residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of British Columbia may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering; unless deemed suitable by a registered dealer (Loxley), and investing in an issuer with its head office in British Columbia, Alberta or Saskatchewan, in which case the investment limit is increased to $5,000
  2. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of British Columbia may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  3. National Instrument 45-106 2.3 Accredited Investor Exemption – under this exemption, any resident of British Columbia may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  4. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption – under this exemption, any resident of British Columbia may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria and may not be up to date. For latest information and a complete overview visit the British Columbia Securities Commission website

Alberta

Alberta: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Alberta residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of Alberta may purchase securities from any private company with its head office in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering; unless deemed suitable by a registered dealer (Loxley), and investing in an issuer with its head office in British Columbia, Alberta or Saskatchewan, in which case the investment limit is increased to $5,000
  2. National Instrument 45-108 Crowdfunding Exemption – any resident of Alberta may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 per offering; or
    • If the individual is an accredited investor no more than $25,000 per offering; or
    • If the individual is a permitted client no investment limits apply;
  3. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of Alberta may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • A resident of Alberta can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • A resident of Alberta can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • A resident of Alberta can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  4. National Instrument 45-106 2.3 Accredited Investor Exemption – under this exemption, any resident of Alberta may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  5. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption – under this exemption, any resident of Alberta may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria and may not be up to date. For latest information and a complete overview visit the Alberta Securities Commission website

Saskatchewan

Saskatchewan: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Saskatchewan residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of Saskatchewan may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering; unless deemed suitable by a registered dealer (Loxley), and investing in an issuer with its head office in British Columbia, Alberta or Saskatchewan, in which case the investment limit is increased to $5,000
  2. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of Saskatchewan may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • A resident of Saskatchewan can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • A resident of Saskatchewan can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • A resident of Saskatchewan can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  3. National Instrument 45-106 2.3 Accredited Investor Exemption – any resident of Saskatchewan may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  4. National Instrument 45-106 2.4 Family, Friends & Business Associates Exemption –any resident of Saskatchewan may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the Saskatchewan Securities Commission website.

Manitoba

Manitoba: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Manitoba residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of Manitoba may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering;
  2. National Instrument 45-108 Crowdfunding Exemption – any resident of Manitoba may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 in total in a calendar year; or
    • if the individual is an accredited investor no more than $25,000 in total in a calendar year; or
    • if the individual is a permitted client no investment limits apply;
  3. National Instrument 45-106 2.9 Offering Memorandum Exemption – any resident of Manitoba may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer
    • obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  4. National Instrument 45-106 2.3 Accredited Investor Exemption –any resident of Manitoba may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  5. National Instrument 45-106 2.4 Family, Friends & Business Associates Exemption – any resident of Manitoba may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the Manitoba Securities Commission website.

Ontario

Ontario: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Ontario residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-108 Startup Crowdfunding Exemption – any resident of Ontario may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 per offering and in Ontario, $10,000 in total in a calendar year; or
    • If the individual is an accredited investor no more than $25,000 per offering, $50,000 in total in a calendar year; or
    • If the individual is a permitted client no investment limits apply;
  2. National Instrument 45-106 2.3 Accredited Investor Exemption – under this exemption, any resident of Ontario may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
    • Require a risk acknowledgment form from individual accredited investors (other than permitted clients)
  3. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption – under this exemption, any resident of Ontario may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:

is a close business associate of

    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.
  1. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of Ontario may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • An Ontario Resident can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • An Ontario Resident can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • An Ontario Resident can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.

Ability to use the start-up crowdfunding rule may depend on applicable rules on the province where the company is incorporated.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the Ontario Securities Commission website

Quebec

Quebec: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Quebec residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption–any resident of Quebec may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering;
  2. National Instrument 45-108 Crowdfunding Exemption – any resident of Quebec may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 in total in a calendar year; or
    • if the individual is an accredited investor no more than $25,000 in total in a calendar year; or
    • if the individual is a permitted client no investment limits apply;
  3. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of Quebec may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • A resident of Quebec can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • A resident of Quebec can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • A resident of Quebec can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  4. National Instrument 45-106 2.3 Accredited Investor Exemption –any resident of Quebec may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  5. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption –any resident of Quebec may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the Quebec Securities Commission website.

New Brunswick

New Brunswick: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by New Brunswick residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of New Brunswick may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering;
  2. National Instrument 45-108 Crowdfunding Exemption – any resident of New Brunswick may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 in total in a calendar year; or
    • if the individual is an accredited investor no more than $25,000 in total in a calendar year; or
    • if the individual is a permitted client no investment limits apply;
  3. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of New Brunswick may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • A resident of New Brunswick can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • A resident of New Brunswick can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • A resident of New Brunswick can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  4. National Instrument 45-106 2.3 Accredited Investor Exemption – any resident of New Brunswick may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  5. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption –any resident of New Brunswick may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the New Brunswick Securities Commission website.

Nova Scotia

Nova Scotia: Securities Regulation and Loxley Financial Inc.

Loxley supports investments by Nova Scotia residents under various prospectus exemptions available to companies raising capital, including*:

  1. National Instrument 45-535 Start-up Crowdfunding Exemption– any resident of Nova Scotia may purchase securities from any private company with its head office in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, and Quebec provided that following conditions are satisfied:
    • the individual invests no more than $1,500 per offering;
  2. National Instrument 45-108 Crowdfunding Exemption – any resident of Nova Scotia may purchase securities from any private company registered in Canada provided that following conditions are satisfied:
    • the individual invests no more than $2,500 in total in a calendar year; or
    • if the individual is an accredited investor no more than $25,000 in total in a calendar year; or
    • if the individual is a permitted client no investment limits apply;
  3. National Instrument 45-106 2.9 Offering Memorandum Exemption – under this exemption, any resident of Nova Scotia may purchase securities from any issuer provided, before the purchaser signs the agreement to purchase the securities, the issuer:
    • A resident of Nova Scotia can only invest an aggregate of $10,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes under $75,000 (or $125,000 combined income with spouse)
      • holds alone or with spouse less than $400,000 in net assets.
    • A resident of Nova Scotia can invest an aggregate of $30,000 in a 12 month period under the Offering Memorandum Exemption if;
      • earned a net income before taxes exceeding $75,000 (or $125,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year; and/or
      • holds alone or with spouse at least $400,000 in net assets.
    • A resident of Nova Scotia can invest an aggregate of $100,000 in a 12 month period under the Offering Memorandum Exemption if;
      • the investor qualifies as an eligible investor under the description as above, and the investment is deemed suitable by a exempt market dealer (Loxley)
    • Obtains a signed risk acknowledgement form from the purchaser; or
    • delivers an offering memorandum, prepared in the required form, to the purchaser.
  4. National Instrument 45-106 2.3 Accredited Investor Exemption – any resident of Nova Scotia may purchase securities from any issuer, provided the purchaser satisfies any of the following criteria:
    • earned a net income before taxes exceeding $200,000 (or $300,000 combined income with spouse) in each of the two most recent years and who reasonably expects to exceed that net income in the current year;
    • has alone or with spouse at least $1 million in financial assets (cash and securities) before taxes. (In calculating an individual’s financial assets, any outstanding loans incurred to acquire those assets must be deducted.);
    • holds alone or with spouse at least $5 million in net assets; or
    • is a corporation, limited partnership, trust or estate having net assets of at least $5 million.
  5. National Instrument 45-106 2.4 Friends, Family & Business Associates Exemption – any resident of Nova Scotia may purchase securities from any issuer, provided the purchaser satisfies any one of the following criteria:
    • is a spouse, parent, grandparent, brother, sister, child or grandchild of a director, executive officer, founder or control person of the issuer;
    • is a parent, grandparent, brother, sister, child or grandchild of the spouse of a director, executive officer, founder or control person of the issuer;
    • is a close personal friend of a director, executive officer, founder or control person of the issuer; or
    • is a close business associate of of a director, executive officer, founder or control person of the issuer.

*Please note that above list is a summary of most used exemptions and criteria, and may not be up to date. For latest information and a complete overview visit the Nova Scotia Securities Commission website.