Venture Capital Markets Association offers a rescue plan for junior financings. Should anyone misunderstand this British Columbia group’s stance on the Investment Industry Regulatory Organization of Canada, Don Mosher’s quick to clarify matters.
“We want to throw IIROC right out of the goddamn province. The hell with them.” The B.C. Securities Commission should be doing that job, he declares, but only a radically restructured BCSC could do it fairly. Put simply, that’s the manifesto of the Venture Capital Markets Association expressed to B.C.’s legislature in an open letter that’s gaining “overwhelming” support.
The group fears for the viability of the junior exploration sector, already hammered by the lengthy downturn. “Strangulation through regulation” threatens the juniors’ ability to raise capital, the VCMA argues. As a result the entire sector, and the thousands of jobs it supports, faces a “death knell.”
Greg Klein – Resource Clips – August 14th, 2015.
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