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SECURITIES REGULATORS PROPOSE A NEW WAY TO FINANCE JUNIOR MINING AND ENERGY COMPANIES The Canadian Securities Administrators (“CSA”) recognize that the current private placement rules create significant cost and timing barriers for junior companies raising money. They are proposing sweeping changes to the private placement system through the use of…
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On April 17, 2020, the Ontario Ministry of Energy, Northern Development and Mines announced an initiative to extend the due date for assessment work on Ontario mining claims for up to 12 Months. This is being enacted though a procedure to obtain “Simplified Exclusion Orders”. Claim holders with claim anniversary…
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As part of the process of putting in place a Sustainable Forest Licence having multiple participants, the participants themselves enter into a shareholder agreement, setting out their respective rights and obligations vis-à-vis one another, as shareholders of the licensee, including their respective rights to share the benefits arising from harvesting timber on the Crown…
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The Crown Forest Sustainability Act, 1994 (Ontario), as amended to date (the “Act”), is the primary statute governing the utilization of Crown Forests in Ontario. The Act, Regulations passed under the Act and Manuals prepared under the authority of the Act, create a code for dealing with the wide range of issues involved…
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Unlike in the United States and many other parts of the world, the forests of Ontario are largely owned by the government; in particular, the provincial government. Ontario or, more formally, “the Crown in right of Ontario” owns approximately eighty per cent of the Province’s forest lands. Furthermore, the Canadian…
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