TSX-V Provides Update On Revitalization Efforts

The TSX Venture Exchange is engaged in ongoing efforts to revitalize Canada's public venture market and to better meet the needs of the TSX-V's issuers. Although the TSX-V has traditionally served as a catalyst for the growth of early-stage or small-cap companies, activity on Canada's major venture exchange has experienced a significant decrease over the last several years due to various factors, including sluggish capital market conditions and a sustained collapse in commodity prices. In December 2015, the TSX-V issued a white paper outlining an action plan, and in March 2016, the exchange issued a report reaffirming its commitment to implementing the meaningful changes set forth in the white paper and providing an update on the progress made to date.