Saskatchewan issuers only: Only available to issuers who have an address in Saskatchewan.
Type of issuer: Any type of issuer can use the Proposed Exemption except a reporting issuer
or an investment fund.
Type of securities: Any type of security can be issued except derivatives. The trade can only
involve a trade by the issuer in its own securities facilitated by the portal.
Form filing: An issuer must file Form GO45-925F1 Issuer Information 10 days prior to
beginning to trade.
Maximizing offering size: $150,000
Minimum offering size:
The minimum offering size must be set out in the offering document which
must equal the amount needed to carry out the purpose for which the funds
are sought. The minimum offering size may be reduced by any other amount
available for the purpose set out in the offering document, as long as the
offering document states that these other funds are unconditionally available
to the issuer.
Annual limit: The issuer and its promoters, directors, officers and control persons cannot
use the Proposed Exemption more than two times per calendar year.
Offering period: No longer than six months.
The issuer must use an offering document following Form GO45-925F3
Offering Document to be made available to investors through the portal and
file the offering document 10 business days prior to beginning to trade.
No other concurrent
There can be no other concurrent offering by the issuer or other issuer for
the same project.
Background checks: The FCAA will be doing background checks on individuals involved with the
offering who must submit Form GO45-925F2 Individual Information Form.
There can be no commissions or other amounts paid to the issuer or its
promoters, directors, officers, control persons, employees or agents in
respect to the trade.
Report of trade: The issuer must file a report of trade in Form GO45-925F4 Report of Trades
within 30 days after the offering closes.
Filing fees: None.
Resale restriction: Securities can only be resold under a prospectus exemption unless the issuer
becomes a reporting issuer and if so, then subject to certain conditions.
Portal requirement: In order to rely on the exemption, all trades must be carried out through the
portal and payment for the securities must be made through the portal.
SELLING SECURITIES ON THE INTERNET & EQUIT Y CROWDFUNDING