TSX Venture Exchange Amends Policies on Loans, Bonuses and Finder’s Fees

Effective January 26, 2015, the TSX Venture Exchange (the “TSXV”) is implementing amendments to its Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions (“Policy 5.1”). The substantive amendments to Policy 5.1 primarily relate to the following: 1.       Revised Loan Bonus Requirements and Limitations Loan bonuses: Loan bonuses may not be granted to a lender or guarantor for a loan or debt instrument that is convertible into Listed Shares. The limits for both bonus shares and bonus warrants will now be calculated using the applicable Market Price instead of the Discounted Market Price. … ... View full post