1. New Brunswick Securities
Commission
Tech South East
Moncton, N.B.
21 February 2012
Jeff Harriman,
Capital Markets
Specialist

2. 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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3. Public and Private Equity
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4. 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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5. 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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6. 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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11. What to look for in an investor
Passive vs. active partner
Industry knowledge
Track record of success
Trustworthy
Local knowledge
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12. …and finally
More information
www.nbsc-cvmnb.ca/Capital
Contact
866 933-2222 (toll free in NB)
506 658-3060
Thank you for your participation!
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