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TSX Adopts Amendments Relating to Security Based Compensation Arrangements and Backdoor Listings

Posted by: · October 1st, 2014

Further to our article dated December 20, 2013 entitled TSX publishes proposed amendments to Stock Exchange Company Manual, the Toronto Stock Exchange (the “TSX”) has recently announced that it has adopted, and the Ontario Securities Commission has approved, amendments to Part VI – Changes in Capital Structure of Listed Issuers of the TSX Company Manual (the “Manual”) which become effective today, October 1, 2014. The amendments relate to the adoption…

CSA Adopts Prospectus Exemption for Distributions to Existing Securityholders

Posted by: and · May 15th, 2014

On March 13, 2014, the Canadian Securities Administrators (the “CSA”) issued a notice adopting a prospectus exemption (the “Exemption”) which allows issuers listed on the TSX Venture Exchange (the “TSXV”), the Toronto Stock Exchange (the “TSX”) or the Canadian Securities Exchange (the “CSE”) to raise money by distributing securities to their existing securityholders. The Exemption has been implemented in all provinces and territories in Canada except for Ontario, Newfoundland and…

TSXV Issues Bulletin on Discretionary Waivers of $0.05 Minimum Pricing Requirements

Posted by: · April 8th, 2014

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…

Santiago Exchange and TSX Venture Exchange enter into agreement to develop new venture market in Chile

Posted by: · March 17th, 2014

Santiago Stock Exchange and TSX Venture Exchange (TSXV), announced they have entered into an agreement that will lead to the creation of a new venture exchange division of the Santiago Stock Exchange, called the Santiago Stock Exchange, Venture. The Santiago Stock Exchange, Venture will initially focus on capital formation for small and medium enterprises in the mining sector, leveraging the experience and expertise of the TSXV. The Santiago Stock Exchange, Venture will…

CSE – an alternative to listing on the TSXV

Posted by: · March 5th, 2014

Emerging companies seeking to lower the cost of raising capital and maintaining a listing may want to consider alternatives to listing on the TSX Venture Exchange (the “TSXV”). The Canadian Securities Exchange (the “CSE”) is an attractive option as it is a fast, straightforward process to get listed and its streamlined regulatory model can translate into lower overall costs. A wide range of companies are listed on the CSE; from…

Categories: Corporate Finance
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This blog discusses issues relevant to mining exploration and development companies carrying on business in Canada and around the world. Topics include acquiring and developing mineral projects, organizing and financing resource companies and mergers and acquisitions.

About Axium

Axium is a leading Vancouver based boutique law firm specializing in securities law, mergers and acquisitions, corporate and business law.