TSXV extends temporary relief of $0.05 minimum pricing requirements

The TSX Venture Exchange (the “TSXV”) has extended the temporary relief from the $0.05 ‎minimum pricing requirements, such that it will apply to shares that are issued on or before ‎December 31, 2020. ‎

As described in our previous bulletin dated April 9, 2020 entitled “TSXV lowers ‎‎$0.05 minimum pricing requirement to $0.01”, in response to the COVID-19 pandemic, the TSXV ‎published a corporate finance bulletin dated April 8, 2020, outlining temporary relief (the ‎‎“Temporary Relief”) available to issuers lowering the TSXV’s minimum pricing requirement for ‎financings from $0.05 to $0.01. The Temporary Relief was to remain in effect until September 30, ‎‎2020, however the TSXV recently announced that it has extended the Temporary Relief until ‎December 31, 2020.  For further details regarding the Temporary Relief, including the criteria for ‎reliance on the Temporary Relief, please refer to our previous bulletin. ‎

For further information, please do not hesitate to reach out to a member of the DLA Piper ‎‎(Canada) LLP’s Securities and Corporate Finance team. ‎