MONTREAL -- Social media wants to meet up with
corporate finance on the Internet to let startup and small businesses raise
money online.
It's called equity crowdfunding -- different from
Kickstarter which funds creative projects like movies, games or music and --
because it would give these online investors shares in a company.
CEO and president Chad McMillan of Canada Gold Corp.
(TSXV:CI) said equity crowdfunding would bring in more investors contributing
smaller sums of money, spreading the risk.
"Crowdfunding is an innovative technique using
modern technology that provides an opportunity to do that," he said in an
interview.
He said it would help democratize investing, allowing
small investors help get companies off the ground.
Read more: http://www.cp24.com/news/osc-may-allow-crowdfunding-for-some-businesses-1.1199029#ixzz2Npu0Bkvl
