In the Canadian Lawyer Magazine article, "CSA Eyes Exemptions Allowing Investors to Buy Securities Without a Prospectus," writer Helen Burnett-Nichols discusses the Canadian Securities Administrators' examination of two exemptions which facilitate investors to buy securities without a prospectus as a result of a review initiated in Fall 2011; the Accredited Investor (AI) and Minimum Amount exemptions. Gary Solway comments on capital raising n Canada. Nicholas Fader also adds that, in closings involving private placements for startup oil and gas issuers, it is often the case that financings rely almost exclusively on the AI exemption.