Description
Jim Richardson, a Calgary-based businessman is working on developing a site—crowdcapital.ca—to facilitate the financing method that has also been used for other types of equity capital raising including pre-funding for tours by rock groups, for the production of CDs and for the financing of films.
Here’s how it could work in Canada:Private companies would go to the website set up by Richardson and indicate that they want a certain amount of capital. Investors would go to the site and see the investment possibilities.If they like what they see then they could become investors.
SOURCE LINK to full article:
http://business.financialpost.com/2012/09/19/crowdfunding-getting-behind-the-scenes-push-in-canada/