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Canadian exchanges push to relax private placement rules

By Allison Martell

TORONTO, Sept 20 Fri Sep 20, 2013 1:24pm EDT

(Reuters) - Canada's main stock exchanges are pushing for regulatory changes that could make it easier for retail investors to participate in small financings long deemed too risky for the general public, a move that could help shore up the country's hard-hit junior mining sector.

But changing the rules could take a year or more because of the lengthy comment period required, and may come too late for the most vulnerable juniors. Others would benefit over the medium term.

http://www.reuters.com/article/2013/09/20/canada-venture-financing-idUSL2N0HF1HT20130920