Canada:
TSX Provides Guidance Regarding Waivers Of Minimum Pricing Requirement
15 April 2014
Stikeman Elliott LLP
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The TSX-V issued guidance yesterdayregarding
the specific circumstances in which the exchange will consider
waiving the $0.05 minimum pricing requirement generally applicable
to financings. According to the TSX-V, while the exchange is not
generally amenable to waiving the requirement, it will consider
waiver requests on a case-by-case basis, treating certain
circumstances more favourably, such as rights offerings
and pending share consolidations.
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