Who we are

A shared purpose.
A considered voice.

The Canadian Small-cap Public Companies Association advocates for regulations that reflect the realities of small-cap public issuers while supporting trust in our markets.

Why we come together

Early-stage public companies often depend on repeated capital raising, and face liquidity and compliance challenges different from those of mature issuers. CSPCA was formed to bring these experiences into a shared, constructive dialogue.

The association describes its approach as non-partisan and evidence-driven. Membership does not endorse an issuer or a security, and the association does not provide investment advice.

OUR NORTH STAR

Opportunity for issuers.
Confidence for investors.
Value for Canada.

The people behind the voice

Meet the leadership.

The background and experience of CSPCA’s founding leaders.

Cathy Hume

Cathy Hume

Founder & Chief Executive Officer

Cathy Hume is a respected investor relations professional with deep expertise in small‑cap and emerging public companies. Her capital markets experience began with 11 years as a Toronto retail broker, where she gained a strong understanding of investor expectations and the needs of growth‑stage issuers.

Since founding her investor relations practice in 1993, Cathy has built a reputation for strategic communication, capital markets insight, and long‑standing client relationships—many developed through referrals. She has dedicated much of her career to supporting micro‑ and small‑cap companies as they navigate regulatory environments designed primarily for larger issuers.

Cathy has been an active contributor to the mining and capital markets community, serving multiple terms on the Board of Directors of the Prospectors & Developers Association of Canada (PDAC) and as Co‑Chair of Women in Mining Toronto.

She is also committed to education and mentorship, serving as a mentor in External Business for the Ted Rogers Leadership Centre and contributing to the development of Seneca Polytechnic’s Honours Bachelor of Communications and Media (BCMM) program.

D’Arcy Funfer

D’Arcy Funfer

Co-Founder & Executive Vice-President

D’Arcy Funfer brings more than 40 years of investment industry experience, specializing in capital markets, financing, trading, and market liquidity programs. He has held senior leadership roles supporting public companies, investors, and financial institutions, aligning capital markets strategies with corporate growth and shareholder value.

His career began in 1982 as an original shareholder of National Independent Investment Firm, where he served as a floor trader, led the trading desk, and worked as a senior investment advisor. In 1988, he transitioned into investor and public relations advisory services for public companies.

D’Arcy has long been a champion of micro‑ and small‑cap issuers, helping them navigate the challenges of raising capital within regulatory systems built for larger corporations.

In 2003, he was appointed Chairman and Chief Operating Officer of CHF IR in Toronto, overseeing both Toronto and Calgary operations and leading the firm’s market liquidity programs. Over his career, he has directed investor relations and capital markets programs for more than 200 publicly traded companies worldwide.

A recognized industry voice, D’Arcy has spoken at investment conferences around the world and was an early adopter of social media in investor relations, building a following of more than 16,000 across multiple platforms.

He currently serves on the Board of Directors of the Dear Heart Foundation and Megalodon Energy North Inc.

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