[gricardo99]

In the U.S., depending on the state, there may be an exemption for friends & family:

https://www.strictlybusinesslawblog.com/2011/08/15/can-a-fri...

[gsylvie]

Exactly! Here's the BC, Canada website on exactly this (British Columbia Securities Commission): https://www.bcsc.bc.ca/For_Companies/Private_Placements/Priv...