TSX Venture Exchange Extends Temporary Pricing Relief
In late November, we reminded readers that temporary pricing relief measures for private placements by TSX Venture Exchange listed issuers were set to expire on December 31, 2012 (December is Final Month for TSX Venture Exchange Temporary Pricing Relief). However, in mid-December, the TSX Venture Exchange announced an extension of these measures until April 30, 2013. While these measures are in place, if an issuer meets certain financial hardship criteria it can issue a limited number of shares below the typical 5 cent minimum price and/or issue debentures and warrants with a price below the usual 10 cent minimum.
If you would like to know more about these temporary relief measures please contact Shane McLean (firstname.lastname@example.org) or any one of our other securities lawyers.