1. Accredited Investor Exemption:

There is no regulatory minimum purchase amount requirement for purchases under the Accredited Investor Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that the manager may accept).

The criteria for qualification as an "accredited investor" as defined in NI 45-106 are set out in Appendix 1 of the investment application. The criteria can also be found by clicking here for all Canadian provinces & territories.

2. Offering Memorandum Exemption:

(for residents in BC, Nova Scotia, New Brunswick, and Newfoundland and Labrador)

Pursuant to the Offering Memorandum Exemption there is no regulatory minimum investment amount required but the Manager has established a minimum initial investment of $25,000 (or such lesser amount that the manager may accept).

3. Minimum Amount Exemption:

Other than in connection with the Accredited Investor Exemption and the Offering Memorandum Exemption, the minimum investment in a Fund for a resident in the Offering Jurisdictions is subject to meeting the $150,000 minimum amount investment threshold pursuant to NI-45-106 (the “Minimum Amount Exemption”).

The criteria for qualification as an "accredited investor" are set out in Appendix 1 of the investment application.