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The North American Securities Administrators Association (NASAA) and the SEC have

agreed that companies should be given more flexibility to engage in intrastate offers through
websites and social media--without having to register their offering with the Federal
government. Companies can now raise up to $5 million per year through the amended rules.
The previous limit was $1 million. The rules are effective as of April 2017.

Private Placement Advisors LLC

dslain@privateplacementadvisors.com

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