Limited Offering

This is a type of private placement; therefore no general solicitation is permitted. It allows an issuer organized as a corporation, limited partnership or limited liability company to raise an unlimited amount of capital from up to 25 investors in total (that includes within and outside of New Mexico).  Securities sold under this provision cannot be readily sold or transferred.  No disclosure format is specified for the offering, but the issuer must disclose all materials facts to purchasers in compliance with the anti-fraud provisions of the Securities Act.  Resale of such securities is restricted and therefore the issuer must have a reasonable belief that the securities are purchased for investment purposes.

Specifics