Improved capital raising for BC co-operatives
On June 1, 2020, the BC Securities Commission made an important change to BC Instrument 45-530, which allows BC co-operatives to sell shares to members without issuing a prospectus. The lifetime limit had been $5,000 since this exemption was introduced in 2001. The new maximum of $10,000 also applies to certain issuances of investment shares. … Continued