TSXV Issues Bulletin on Discretionary Waivers of $0.05 Minimum Pricing Requirements
The policies of the TSX Venture Exchange (“TSXV”) include a requirement that the offering price for a financing involving the issuance of listed shares be not less than the Discounted Market Price (as defined in the TSXV Policies) and is further subject to a minimum price per share of $0.05. Recognizing the difficulty this minimum pricing creates for certain issuers to conduct financings, the TSXV maintains the discretion to waive the $0.05 minimum pricing requirement on a case by case basis.
The TSXV issued a bulletin on April 7, 2014 to provide guidance to issuers on the circumstances upon which the TSXV will look more favourably upon an issuer’s request to waive the $0.05 minimum pricing requirement. To read more, visit the TSXV website and bulletin: http://www.tmx.com/en/pdf/venture_bulletins/Apr7-DiscretionaryWaivers.pdf
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