OSC to implement new juniors policy

The Ontario Securities Commission is expected to issue a new policy on financing junior resource companies during the first week of February.

The new policy is expected to be implemented April 1. The osc has been without a policy of junior resource financing since 1983.

The new policy is based largely on a report of the Thompson committee issued in mid-1986. The osc held public hearings on the report before publishing a proposed new policy in June, 1987.