TSX-V Adopts Amendments to Private Placement, Loan Bonuses and
Finder's Fees Policies
Effective January 26, 2015, the TSX-V adopted amendments to Policy
4.1 (Private Placements) and Policy 5.1 (Loans,
Loan Bonuses, Finder's Fees and Commissions) of the TSX-V
Corporate Finance Manual. While the amendments largely provide
additional guidance on and clarification of the TSX-V's
existing policies, substantive amendments to these policies include
the discontinuance of the TSX-V's Expedited Filing System for
private placements, the amendment of the "part and
parcel" pricing exemption, and certain amendments to the
limits on loan bonuses.
Private Placement Policies
Policy 4.1 has been revised to (a) provide more detailed
guidance on each of the steps involved in the notice and acceptance
process for a private placement; (b) amend the "part and
parcel" pricing exemption to facilitate a better understanding
of the existing pricing rules and to clarify the warrant
