Get Form 45-106f16 Notice Of Use Of Proceeds - Corpcounsel.ca

Form 45-106F16 is essential for issuers to report on the use of proceeds raised over a financial year. This guide provides a step-by-step approach to filling out this form online, ensuring clarity and comprehensiveness for all users.

Follow the steps to complete your Form 45-106F16 efficiently.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. In the first section, input your issuer's name and the financial year end date. Ensure accuracy as this information is critical for proper identification.
3. Specify the date of the notice, ensuring it is not earlier than the auditor's report date for the completed financial year.
4. Enter the closing unused proceeds balance from the last notice, if it applies, into Line (A). If there was no prior notice, record $nil.
5. For Line (B), state the total gross proceeds raised during the financial year across all jurisdictions in Canada under the relevant offering memorandum exemption.
6. Calculate total opening proceeds for Line (C) by summing Lines (A) and (B). Ensure this figure is correctly calculated.
7. In Section 2, provide a detailed breakdown of all proceeds utilized during the financial year. Include specific payments made for selling commissions, offering costs, and other outlined uses.
8. Confirm that the total used proceeds in Line (D) equals the aggregate of the detailed uses outlined. This ensures compliance and transparency.
9. Finally, determine the closing unused proceeds for Line (E) by deducting Line (D) from Line (C). Ensure that this figure is precise.
10. If any proceeds were paid to related parties, disclose the names, relationships, and amounts in accordance with the instructions provided.
11. Review the completed form for accuracy and clarity, then save changes, download, print, or share the form as necessary.

Start completing your Form 45-106F16 online today to ensure compliance with reporting requirements.