British Columbia companies raised more money privately outside of stock markets in the last five years than they did through more closely regulated stock exchanges, which is prompting the B.C. Securities Commission to tighten up oversight of the so-called exempt market for investments.
The securities commission found that B.C. companies raised $45 billion through private-placement sales of their securities directly to investors between 2010 and 2013, compared with $25 billion through public stock exchanges such as the Toronto Stock Exchange or the TSX Venture.
Derrick Penner – Vancouver Sun – June 20, 2014.