GreenSky Ventures Leads Investment in Assetflo
GreenSky Ventures Leads Investment in Assetflo On December 16, 2025, GreenSky Ventures announced the closing of a US$2 million seed financing round into Assetflo, a developer of IoT tracking systems that enable real-time and low-cost location monitoring for industries such as logistics, warehousing and manufacturing. The all-equity round was led by GreenSky Accelerator Fund VI. […]
Flow-through Private Placement
Flow-through Private Placement Our client, an Ontario corporation listed on the TSX Venture Exchange (TSXV) (the “Client”), closed a non-brokered private placement financing of over $1,000,000 (the “Offering”). The Client raised the Offering proceeds through the issuance of flow-through common share units comprised of one flow-through share and one-half non-flow-through warrant. Momentum Law acted as […]
LIFE Private Placement
LIFE Private Placement Our client, an Ontario corporation listed on the Canadian Securities Exchange (CSE) (the “Client”), closed a bought deal private placement financing of over $5.5M (the “Offering”). The securities issued in the Offering were offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106– Prospectus Exemptions, as amended by […]
GreenSky Ventures Leads Investment in Phenotips
GreenSky Ventures Leads Investment in Phenotips On October 16, 2025, GreenSky Ventures announced the closing of a $2 million seed round extension into Phenotips, a Toronto-based genomic health software leader. The all-equity round was led by GreenSky Accelerator Fund VI, and follows Phenotips $2.5 million seed round in 2021. Momentum Law LLP advised GreenSky Ventures […]
New “Major Acquisition” Rule Adopted by CSE
New “Major Acquisition” Rule Adopted by CSE On October 2, 2025, the Canadian Securities Exchange (CSE) confirmed the adoption of certain amendments to its listing policies. A significant change is the redefinition of “Major Acquisition” together with the introduction of a formal approval process for such transaction that is separate from the process applicable to […]
The Right to Request Audited Financial Statements
The Right to Request Audited Financial Statements Regulatory framework While companies are generally under a statutory obligation to prepare audited financial statements, the Business Corporations Act (Ontario) (the “OBCA”) sets up an exception to the audit requirements for non-offering corporations if all of the shareholders, including non-voting shareholders, unanimously consent in writing to the exemption. […]
OSC Rule 72-503
OSC Rule 72-503 The Ontario Securities Rule 72-503 – Distributions Outside Canada (the “Rule”) came into force on March 31, 2018, replacing the old Interpretation Note 1 – Distributions of Securities Outside Ontario (the “Interpretation Note”) and providing a comprehensive framework for distributing securities to investors overseas. The need for a revised rule is rooted […]
Naming A Company
Naming a Company Choosing a name is often among the earliest and most significant decisions in establishing a business. This article summarizes certain criteria to consider during the naming process. Numbered and Named Companies Upon incorporation, a company may automatically be issued a numbered name by the corporate registry, which offers privacy and simplicity. This […]
GreenSky Ventures Closes Private Placement
GreenSky Ventures Closes Private Placement On August 7, 2025, GreenSky Ventures announced the closing of its sixth and largest venture capital fund of $23.5 million. GreenSky Ventures has been investing in early-stage technology companies for over a decade, with a focus on deep tech and enterprise software startups. Momentum Law LLP advised GreenSky Ventures with […]
Proposed Amendments to NI 43-101
Proposed Amendments to NI 43-101 On February 13, 2025, the Canadian Securities Administrators (CSA) have released “near final” drafts of the proposed amendments to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and the corresponding companion policies and form of technical report (collectively, the “Amendments’) to encourage further discussions among stakeholders. […]