General
Ruling/Order 31-902 Saskatchewan Small
Business Security Issuers Amended
On June 8, 2006
the Director of the Commission’s Securities Division amended
General
Ruling/Order Saskatchewan Small Business Security Issuers
(“GRO 31-902”) to repeal the provision that restricted
Saskatchewan Small Business to raising less than $10 million in an
offering.
GRO 31-902 waives
some of the requirements under The Securities Regulations
for Saskatchewan Small Businesses seeking to be registered as
securities issuers to sell their own securities, and imposes other
restrictions. In GRO 31-902 Saskatchewan Small Businesses are
issuers that are based in Saskatchewan.
One of the
restrictions imposed under GRO 31-902 is that Saskatchewan Small
Businesses must raise less than $10 million. The Commission and
the Director have determined that the restriction is no longer
necessary, and GRO 31-902 has been amended to remove it.
Dated June 8,
2006
Contact:
Barbara Shourounis
Director, Securities Division
Phone: (306) 787-5842
E-mail:
bshourounis@sfsc.gov.sk.ca
