My group will be hosting a great event on November 18th; here is the official invitation.
YBN-NC Season Launch & YBN-NC's 2nd Year Anniversary Celebration ~ Inspiration from Ottawa’s Top Executives ~
Mark your calendars for this special and inspiring evening and learn how to get to the peak of your career from Ottawa’s Businesswomen of the Year, Robin McIntyre, 2005 Ottawa’s CEO of the Year, Peter Strom, and Justin Shimoon, recipient of the 2008 Top 40 Under Forty Award of the Ottawa Business Journal.
Enjoy a fabulous cocktail party with an outstanding view from the Sussex Room at the Marriott Hotel and learn how these top executives moved to the top while managing a great work-life balance.
Date/Time: -November 18th, 2008, 6:30pm
Location: -Marriott Hotel, Sussex Room, 100 Kent Street
Cost: - Free for YBN-NC members
- $25 for non-members (advance registration)
- $30 for non-members (onsite registration)
Register early to secure yourself a spot at this event by sending an email to events@ybn-nc.ca. Please provide your name, organization, and title.
Thursday, October 30, 2008
Thursday, October 23, 2008
TSX Venture Capital Pool Company Program (CPC)
TSX Venture Capital Pool Company Program (CPC)
The Capital Pool Company (CPC) program is a unique listing vehicle offered exclusively by TSX Venture Exchange. The program is a two-phased process, involving the following steps:
Phase 1 - The Capital Pool Company
Creating the CPC:
Three to six individuals with an appropriate combination of business and public company experience put up a minimum of $100,000 in seed capital.
These founders incorporate a shell company - the Capital Pool Company (CPC) - and issue shares in exchange for seed capital at a minimum price between the greater of $0.05 and 50% of the price at which subsequent shares are to be sold via prospectus.
The CPC and its advisors prepare a prospectus that outlines management's intention to raise between $200,000 and $1,900,000 by selling CPC shares at typically twice the issuance price of the seed shares, and to use the proceeds to identify and evaluate potential acquisitions.
Selling the shares:
The CPC files the prospectus with the appropriate securities commission(s), and applies for listing on TSX Venture Exchange.
The broker sells the CPC shares, pursuant to the prospectus, to at least 200 arm's length shareholders, each of whom buys at least 1,000 shares. No one purchaser can purchase more than 2% of the offering, and no one purchaser together with his, her, or its associates or affiliates can purchase more than 4% of the offering.
Once the distribution has been completed and closed, the CPC is listed for trading on TSX Venture Exchange. The symbol includes a .P to identify the company as a CPC.
Phase 2 - The Qualifying Transaction
Announcing the acquisition:
Within 24 months, the CPC identifies an appropriate business as its "qualifying transaction" and issues a news release to announce that it has entered an agreement in principle to acquire the business.
The CPC prepares a draft filing statement or information circular providing prospectus-level disclosure on the business that is to be acquired.
TSX Venture reviews the disclosure document and evaluates the business to ensure it meets minimum listing requirements.
Closing the deal:
As shareholder approval is typically not required, the filing statement is posted on SEDAR for at least seven business days, after which the qualifying transaction closes and the business is acquired.
Additional components of the deal often include the following: name change and private placement coinciding with the closing of the qualifying transaction.
The .P from the ticker symbol is removed and the company now trades as a regular TSX Venture listed company.
For more information on the Capital Pool Company Program, please click here.
The Capital Pool Company (CPC) program is a unique listing vehicle offered exclusively by TSX Venture Exchange. The program is a two-phased process, involving the following steps:
Phase 1 - The Capital Pool Company
Creating the CPC:
Three to six individuals with an appropriate combination of business and public company experience put up a minimum of $100,000 in seed capital.
These founders incorporate a shell company - the Capital Pool Company (CPC) - and issue shares in exchange for seed capital at a minimum price between the greater of $0.05 and 50% of the price at which subsequent shares are to be sold via prospectus.
The CPC and its advisors prepare a prospectus that outlines management's intention to raise between $200,000 and $1,900,000 by selling CPC shares at typically twice the issuance price of the seed shares, and to use the proceeds to identify and evaluate potential acquisitions.
Selling the shares:
The CPC files the prospectus with the appropriate securities commission(s), and applies for listing on TSX Venture Exchange.
The broker sells the CPC shares, pursuant to the prospectus, to at least 200 arm's length shareholders, each of whom buys at least 1,000 shares. No one purchaser can purchase more than 2% of the offering, and no one purchaser together with his, her, or its associates or affiliates can purchase more than 4% of the offering.
Once the distribution has been completed and closed, the CPC is listed for trading on TSX Venture Exchange. The symbol includes a .P to identify the company as a CPC.
Phase 2 - The Qualifying Transaction
Announcing the acquisition:
Within 24 months, the CPC identifies an appropriate business as its "qualifying transaction" and issues a news release to announce that it has entered an agreement in principle to acquire the business.
The CPC prepares a draft filing statement or information circular providing prospectus-level disclosure on the business that is to be acquired.
TSX Venture reviews the disclosure document and evaluates the business to ensure it meets minimum listing requirements.
Closing the deal:
As shareholder approval is typically not required, the filing statement is posted on SEDAR for at least seven business days, after which the qualifying transaction closes and the business is acquired.
Additional components of the deal often include the following: name change and private placement coinciding with the closing of the qualifying transaction.
The .P from the ticker symbol is removed and the company now trades as a regular TSX Venture listed company.
For more information on the Capital Pool Company Program, please click here.
Sources of Financing for Entrepreneurs
For your information, the Governement of Canada have an interesting website that you should visit. Sources of financing can help you locate traditional or alternative sources of financing for your small business. You will find an extensive directory of Canadian financial providers, information on different types of financing, and tips to help you secure financing. I found this site quite helpful to understand the financing process and to also locate sources of financing.
Please click here to visit the website.
Please click here to visit the website.
Wednesday, October 22, 2008
Starting Your Business Information Session
The Entrepreneurship Centre will be hosting a uselful FREE session on Oct. 24th 2008.
The different forms of business organization,, the advantages and disadvantages of each as well as GST/PST will be covered. The Centre will cover the basic rules and regulations you will be required to follow in order to start your business in the province of Ontario.
please click here for more info.
The different forms of business organization,, the advantages and disadvantages of each as well as GST/PST will be covered. The Centre will cover the basic rules and regulations you will be required to follow in order to start your business in the province of Ontario.
please click here for more info.
Monday, October 6, 2008
Entrepreneurs Resources
In today's world of business, knowledge is power... therefore, I refer a lot of my clients to these 2 great websites.
http://www.ted.com/ and http://www.evancarmichael.com/
Take the time to have a look, it's truly worth it.
Have a look and please provide me with your comments.
http://www.ted.com/ and http://www.evancarmichael.com/
Take the time to have a look, it's truly worth it.
Have a look and please provide me with your comments.
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