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

TSX Venture Exchange Amends Policies on Private Placements

Effective January 26, 2015, the TSX Venture Exchange (the “TSXV”) is implementing amendments to its Policy 4.1 – Private Placements (“Policy 4.1”) and the related forms. The amendments to Policy 4.1 that are substantive primarily relate to the following: 1.       Expanded Guidance on Notice and Acceptance Procedures The summary of the private placement procedure in Policy 4.1 has been revised to more clearly set out the steps involved in the notice and acceptance process for a private placement. 2.       Part and Parcel Pricing Exception The part and parcel pricing exemption has been redrafted to facilitate a better understanding of the existing pricing rules and to clarify the warrant exercise premium rules.… ... View full post

TSX Venture Exchange Introduces New Electronic Private Placement Filing Procedure

The TSX Venture Exchange (“TSXV”) has introduced a new online filing portal, called V-File, for private placement submissions. Although paper filings for private placement submissions are still accepted by the TSXV, the intention is that in due course only electronic submissions will be accepted. ... View full post