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Canadian Securities Administrators chair Bill Rice is seen during a presentation at the TSX Broadcast Centre in this file photo.
Canadian Securities Administrators chair Bill Rice is seen during a presentation at the TSX Broadcast Centre in this file photo.
(Tim Fraser for The Globe and Mail)

Regulators approve easier way for companies to sell stock

Investors in most Canadian provinces are likely to start getting pitches from companies to buy a little more of stocks they already hold. A group of securities regulators across the country are going ahead with a proposal to allow companies to raise cash by selling stock to their existing investors, without the hassle of a prospectus.