NCFA Canada | Craig Asano | December 8, 2013

Equity Crowdfunding is, as of today, legal in Saskatchewan #SKentrepreneurs pic.twitter.com/W6Ji9f0Gy4

— The Kolo Project (@thekoloproject) December 6, 2013

Saskatchewan becomes the first province in Canada to allow companies to raise capital from unaccredited investors over the Internet via a specific equity crowdfunding exemption.

There was an explosion of support to the BREAKING NEWS that the FCAA (Financial and Consumer Affairs Authority) had approved an Equity Crowdfunding Exemption in Saskatchewan at 11am (CST) late morning last Friday, Dec 6, 2013.

Invitations were sent in advance to a community of top entrepreneurs, innovators, investors and regulatory and ministerial officials who were present for this ground breaking formal event/announcement held at VendAsta Technologies, Suite 405, 220 3rd, Avenue Building, Saskatoon (see Video).

Shortly after 11am CST when the initial announcement was made, the power of the crowd and social media spread the news quickly through the tweeter-sphere signaling that equity crowdfunding was indeed advancing in Canada and that Saskatchewan was the country's first instance to approve a set of intra-provincial equity crowdfunding regulations.

A flood of support...

Intra-Province Crowdfunding: Saskatchewan announces #EQUITYCROWDFUNDING LIVE FROM TODAY! Learn about it here http://t.co/3rOAu6PMAm #NCFAcan

— NCFA Canada (@NCFACanada) December 6, 2013

"SASKATCHEWAN APPROVES EQUITY CROWDFUNDING!!" http://t.co/wZmOqAcECK @ncfacanada

— Alixe Cormick (@AlixeCormick) December 6, 2013

Big Crowdfunding News from Canada @NCFACanada http://t.co/shlkcdUYPF

— Murray McKercher (@MurrayMcKercher) December 6, 2013

BIG NEWS: Saskatchewan first province in Canada to make Equity crowdfunding legal http://t.co/UiTQEJXaTR on @NCFACanada

— Seeding Factory (@SeedingFactory) December 6, 2013

Proud the @NCFACanada is advocating for #Crowdfunding. We were there at the #SK #EquityCrowdfunding announcement. http://t.co/NcjxJ5JE1d

— Jeremy Bernard (@legendmarket) December 6, 2013

Huge news! Sask. approves equity #crowdfunding exemption. Here we go! @NCFACanada @Startup_Canada

Dave Wild presenting the @SKGov's new rules for equity crowd funding pic.twitter.com/7ZwAltGzqX

— Marty Gunderson (@IdeaLeader) December 6, 2013

Saskatchewan takes the lead, approves equity crowdfunding. @ncfacanada /ncfacanada.org/equity-crowdfunding-available-in-saskatchewan/

— Nathan Rhodes (@RhodesNathan) December 6, 2013

BOOM! Equity Crowdfunding is Officially Legal in Saskatchewan | BetaKit http://t.co/p91qI9F8MX

— BetaKit (@BetaKit) December 6, 2013

Dave Wild presenting the @SKGov's new rules for equity crowd funding pic.twitter.com/7ZwAltGzqX

— Nathan Rhodes (@RhodesNathan) December 6, 2013

— John Wires (@johnwires) December 6, 2013

I am impressed with SK securities regulators' responses to comments to their crowdfunding initiative. http://t.co/XYC3ppLHgm

— Alixe Cormick (@AlixeCormick) December 6, 2013

Important note for small biz & start-ups: #Sask now allows equity crowdfunding, simple/innovative way to raise funds: http://t.co/rUjJ7ZQH1i

— Government of Sask (@SKGov) December 6, 2013

#FF Amazing orgs and ppl changing SKs entrepreneurial landscape this wk @bhoessler #NSCIL @CFSaskatoon #FCAASask @NCFACanada @suzannepash

— The Kolo Project (@thekoloproject) December 6, 2013

Participants in Friday morning's FCAA announcement of Saskatchewan equity crowdfunding - photo by @suzannepash pic.twitter.com/c7clEJTKHB

— NCFA Canada (@NCFACanada) December 6, 2013

Related Links:

FCAA Approves Equity Crowdfunding in Saskatchewan on Dec 6, 2013
Learn more:  Saskatchewan Equity Crowdfunding (FCAA)

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Increase your organization’s profile and gain access to a dynamic group of industry front runners. Learn more eBrochure | Prezi or contact us at casano@ncfacanada.org.