A CEDC is a pool of money raised by selling shares (or other eligible securities) to individuals in a defined community. These funds are controlled by a local group of officers and directors. This would give New Brunswickers the opportunity to channel their investment dollars into their local economy.
Video from Financial and Consumer Service Commission of NB
Potential investors will fill out an Expression of Interest (EOI) form. This does not mean you are committing to investing, but tells the company that you are interested in knowing more about the opportunity. An EOI form outlines what you would be purchasing, who is making shares available, what the total value of the offering should be and how the funds are to be used.
- All accredited investors must be at least 19 years of age
- Min/Max Investment (Individuals): $1,000 - $250,000
- Min/Max Investment (Corporations): $50,000-$500,000
In order to qualify, a CEDC project must have a measurable financial return.
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This offering may be a high risk investment. It is open only to accredited investors, through a person authorized to sell the eligible shares. This offering is an exempt offering of shares available to residents of NB. Investors should seek professional advice regarding their personal situation before making an investment decision. Naveco Power nor Naveco Power Investments are professional advisors. Please read the Subscription Agreement, Risk Statement and Disclosure documents prior to subscribing.