The New Brunswick Securities Commission says that it will officially launch the Capital Pool Company Program in that province on November 1.

The launch, presented in conjunction with the TSX Venture Exchange, will provide information on the program and alternate ways for growing businesses to access capital.

The NBSC will also offer information on its Capital Raising Exemptions Rule. This rule relaxes the usual registration and disclosure requirements for qualified entrepreneurs wanting to raise start-up or early stage capital.

The launch will take place over lunch in two locations: November 1 in Fredericton and November 2 in Moncton. Kevan Cowan, senior vice-president of the TSX Venture Exchange, will present the CPC.

The CPC program introduces investors with financial market experience to entrepreneurs whose development stage companies require capital and public company management expertise.

Since its inception, the program has helped more than 1,500 companies throughout Canada raise money to build and enhance their growth strategy.

Capital pool companies were the most popular method for joining the TSX-V in 2004, with 87 CPCs listed on the exchange.

“As part of the NBSC’s mandate to foster capital market growth in the province, we are pleased to announce the adoption of the Capital Pool Company program in New Brunswick,” said Donne Smith, chair and CEO of the NBSC. “This initiative provides small- and medium-sized enterprises access to capital for growth.”