An exempt investor can be one of the following people:

  • directors, officers, employees or control persons of the corporation

  • family members (spouse, parent, grandparent, sister, brother or child) of the founding shareholders

  • close personal friends or close business associates of the founding shareholders

  • current security holders

  • family members of the selling security holder

  • accredited investors

For more information check out this article - https://www.bcsc.bc.ca/For_Companies/Private_Placements/Private_and_early_stage_businesses/#PrivateIssuer

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