Canadian Securities Course (CSC) Practice Exam

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Which type of prospectus is known for excluding the final price, being subject to the passport system, and submitted for review?

  1. Red herring prospectus

  2. Growth prospectus

  3. Greenfield prospectus

  4. White knight prospectus

The correct answer is: Red herring prospectus

A red herring prospectus is a type of prospectus that is known for excluding the final price, being subject to the passport system, and submitted for review. The other options, growth prospectus, greenfield prospectus, and white knight prospectus, do not have these characteristics. A growth prospectus is used for fundraising and includes financial details and projections, while a greenfield prospectus is used for starting a new project or business. A white knight prospectus is used in a takeover scenario and outlines a company's offer to acquire another company. Therefore, these options do not fit the criteria given in the question.