New award celebrates the exempt market

The Exempt Market Dealers Association of Canada is proud to announce the launch of the 2012 EMDA Awards—created to recognize the exempt market deal of the year.

The EMDA is encouraging exempt market dealers across Canada to celebrate their top capital raising deals and transactions closed in 2011, or prior to March 31, 2012. The deadline for nominations is May 21, 2012.

The nominees will be evaluated based on their contribution to the deal, vision, leadership, market innovation, impact, and the benefits of the deal for the issuer and investors.

The awards’ committee is comprised of independent members of the EMDA board of directors, and they will present the awards following the EMDA 2012 Conference Series event held at the National Club in Toronto in June 2012.

Having an EMD as a capital raising partner is a strategic advantage for any company that wants to raise money in Canada. In 2010, more than $83 billion of capital was raised in the exempt market across Canada.

“The exempt market offers a deep pool of sophisticated investors across Canada and minimizes many of the complicated and expensive requirements of raising capital in the public markets,” says Brian Koscak, chairman of the EMDA. “The exempt market is a valuable resource for early stage entrepreneurial companies, established public and private companies, and all companies that have outgrown credit financing and ‘friends and family’ funding.”

He adds, “Unfortunately, there are many investors who are not aware of the excellent opportunities involving exempt market securities, as well as the value of working with qualified exempt market dealers.”

If you are a member of the EMDA, you can nominate your firm or another exempt market firm that has had success.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.