Accredited Investor Status

As per the Ontario Securities Commission (OSC), under National Instrument 45-106 Prospectus Exemptions, an accredited investor means an individual with:

• Net income before taxes was more than $200,000 in each of the two most recent calendar years and is expected to be more than $200,000 in the current calendar year

• Net income before taxes combined with a spouse was more than $300,000 in each of the two most recent calendar years and their combined net income is expected to be more than $300,000 in the current calendar year

• Financial assets, alone or with a spouse, of more than $1 million before taxes but net of related liabilities

• Net assets, alone or with a spouse, worth more than $5 million

For more information, please visit osc.gov.on.ca