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Good news for explorecos, a new way to rip off the Canadian public has arrived

Junior mining companies get to crowdfund! Explorecos get to bypass all accredited investor regulations! Scumbag moose pasture peddlers to receive funds directly from a whole mountain of people with no idea about the risks of investing in junior mining companies! 

What. Could. Possibly. Go. Wrong?

The NR starts like this:
The securities regulators of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the “participating jurisdictions”) today announced they have implemented, or expect to implement, registration and prospectus exemptions that will allow start-ups and early stage companies to raise capital through crowdfunding in these jurisdictions, subject to certain conditions. 
Full release here