Sign up USA
Proactive Investors - Run By Investors For Investors

First EMDA award winners announced, inaugural celebration this week

First EMDA award winners announced, inaugural celebration this week

The first industry awards to recognize exempt market business leaders in Canada will be held in Toronto on June 26, with the winners being announced Monday.

Exempt market dealers (EMDs) are fully registered dealers who engage in the business of trading in exempt securities, or any securities to qualified exempt market clients.

The inaugural celebration of the Exempt Market Dealers Association of Canada (EMDA) Awards - Exempt Market Deals of the Year will award and recognize businesses that promote "best practices and high standards of conduct" in the exempt market.

The EMDA is a not-for-profit industry association that brings together exempt market dealers, exempt market product issuers, and professional advisers to the exempt market.

The association’s primary focus is being an effective national industry voice for exempt market dealers to securities regulators, government, and the capital markets.

"We are very pleased with the positive response we have received from industry about these new awards and we thank all the nominees for their hard work and contributions," said EMDA executive director Geoffrey Ritchie.

"In 2011, more than $140 billion of capital was raised in the exempt market across Canada and the EMDA is proud to start recognizing and celebrating some of the leaders driving the success of the exempt market."

The EMDA notes that the "exempt securities market" in Canada describes the portion of the capital markets for which certain exemptions are provided under provincial securities legislation from the full requirements of prospectus disclosure and certain retail client sales requirements.

Ritchie said that capital raised in the exempt market helps finance and develop entrepreneurial industries across Canada and is an important contributor to creating jobs and wealth for Canadians.

"This year is the beginning of an annual celebration of excellence and leadership in Canada’s exempt market," he concluded.

Nominees for the awards were evaluated based on their contribution to the deal, their vision, industry leadership, market innovation, impact, and the benefits of the deal for the issuer and for investors.

The EMDA said the award selection committee was comprised of independent members of its board of directors.

The winners will be officially recognized at a reception following the 2012 EMDA exempt market conference at the National Club in Toronto on June 26.

Among the businesses to be honoured at the celebration, is Bloom Burton & Co. who will be recognized for the Healthcare Deal of the Year for its YM Biosciences Inc. (TSE:YM) financing syndicate.

IBK Capital Corp. will be awarded with an award for the Mining Deal of the Year for its financing acquisition for Noble Mineral Exploration (CVE:NOB) and establishing a partnership with Franco-Nevada (TSE:FNV)(NYSE:FNV).

Crosbie & Company Inc. will be awarded for the Financial Industry Deal of the Year for its Desjardins Credit Union merger with Meridian Credit Union.

The EMDA said that Loewen & Partners Inc. will be awarded the Family Business & Growth Capital Deal of the Year for facilitating sale of a significant investment in Bermingham Construction Ltd. to Soletanche Freyssinet, a VINCI group company.

Precipice Capital will receive the Private Equity Deal of the Year for its acquisition of a U.S. owned service vessel fleet in Atlantic Canada.

Walton International Group Inc. will be awarded for the Real Estate Deal of the Year for its Walton DC Land Ltd. partnership and syndication of U.S. land assets.

Petrocapita Oil and Gas LP won Oil and Gas Deal of the Year for the commodity linked investment fund.

The EMDA provides many services to its members, including customized insurance programs, regulatory and compliance resources, opportunities for professional development and continuing education.

The EMDA was founded in 2002 by a group of Canadian business people whose firms were active in the exempt securities market.

View full . profile View Profile

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use