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TSX Venture Exchange Amends Policies Regarding Private Placements and Loans, Loan Bonuses, Finder’s Fees and Commissions

Posted by: · February 25th, 2015

On January 26, 2015, the TSX Venture Exchange (the “Exchange”) implemented amendments to Policy 4.1 – Private Placements (“Policy 4.1”) and corresponding amendments to Form 4B – Notice of Private Placement (“Form 4B”) and Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions of the TSX Venture Exchange Corporate Finance Manual (the “Manual”). Although the amendments involve a major redrafting of the current versions of Policy 4.1 and Policy…

Categories: TSXV Rules

TSX Venture Exchange Announces Implementation of V-File for Private Placement Filings

Posted by: · February 25th, 2015

The TSX Venture Exchange (the “Exchange”) has introduced a web-based application for issuers to file private placement submissions with the Exchange. The system, named V-File, allows for the electronic filing of the information that is currently included in a Form 4B – Notice of Private Placement and automates certain components of the Exchange’s acceptance process for private placements. V-File is intended to improve turnaround time and increase efficiencies in the…

Categories: TSXV Rules

CSA Proposes Changes to Streamline Disclosures by Venture Issuers

Posted by: · May 27th, 2014

On May 22, 2014 the Canadian Securities Administrators (the “CSA”) published a notice and request for comment on certain proposed amendments to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 41-101 General Prospectus Requirements (NI 41-101), and National Instrument 52-110 Audit Committees (NI 52-110); as well as to the companion policies to the instruments (the “Proposed Amendments”). The Proposed Amendments focus on streamlining disclosure by venture issuers, reflecting the needs and expectations…

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…


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.

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