BCSC educates companies about B.C.'s money raising rules

Nov 29, 2013, 16:00 ET from British Columbia Securities Commission

VANCOUVER, Nov. 29, 2013 /CNW/ - The BC Securities Commission (BCSC) is reaching out to small businesses around the province with new online materials and province-wide presentations aimed at informing small businesses about B.C.'s capital raising rules.

"We are offering this information to small business owners because they may not yet have professional advisors who specialize in this area," said Peter Brady, the BCSC's Director of Corporate Finance. "In a nutshell, we want them to understand B.C.'s securities rules so they stay on track and raise money in a timely and efficient way."

The BCSC's publication, Capital Raising for Small Business, is a free guide available for download. It covers a range of topics, including:

  • Defining a security and the key principles of securities laws
  • Discussing differences between the private placement market and public capital markets
  • Explaining exemptions and how they apply when raising capital
  • Describing what information investors may seek from small businesses

For a preview of the guide, you can view a short animated video on the BCSC's new YouTube page (BCSC4Industry). You can download the guide from the BCSC website at www.bcsc.bc.ca.

BCSC staff are also delivering small business capital raising presentations to various groups and organizations across the province in the coming year.

If you have questions, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).

Learn how to protect yourself and become a more informed investor at www.investright.org

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission (BCSC) is the independent provincial government agency responsible for regulating securities trading in British Columbia through the administration of the Securities Act.

SOURCE British Columbia Securities Commission