Use the following information for Questions 16-18. Under National Instrument 45-106, Prospectus and Registration Exemptions under certain well-defined conditions, issuers are allowed to sell securities to certain investors without providing the buyer with the benefit of a Prospectus. These securities are said to trade in the Exempt Market 16. The Private Issuer Exemption is an important exemption when starting up a new company. Under this exemption an Issuer is allowed to sell securities to which of the following groups of investors? Directors officers, employees or control persons of the issuer Accredited investors Eligible investors All of the above are true Only a and b. above are true 17. Which of the following statements are true with respect to Accredited investors? ONet financial assets of at least $1 Million ONet assets of at least 55 Million ONet annual income of $200 000 for $300 000 if including a spouse) in each of the last two years and a similar amount is expected for the current year DA of the above ane true Only a and above are true 1. The Start-up Crowdfunding Exemption is a relatively new exemption designed to allow B. firms to access new cash and investors via crowdfunding websites. Which of the following are true with respect to this exemption? OMaximum amount that an issuer can raise is $250,000, up to two times a year Maximum amount an investor can invest is $1,500 The Issuer has 90 days to raise enough money to complete the offering All of the above are true Conly a. and b. above are true 19. A firm is selling an issue of securities via a Dutch Auction? They intend to tell 500 000 new shares. Bids for the new shares are received as follows: 100 000 shares at $10 200,000 shares at 59 100,000 shares at 58 300 000 shares at 57 Which of the following statements are true with respect to the auction All shares will be sold at 57 per share The winning shareholders are those who bid between S7 and 9 per share Each shareholder will be allocated 74% of their desired number of All of the above are true Only a and c above are true