TSX-V Relaxes Certain Minimum Pricing And Capital Structure Requirements

The TSX-V recently announced changes to certain minimum pricing, shareholder approval and other requirements intended to better facilitate access to capital and listing transactions.

A number of the amendments take the form of reductions to minimum acceptable prices for certain types of securities issuances. Specifically, the amendments reduce the minimum acceptable exercise price for share purchase warrants and incentive stock options from $0.10 to $0.05 per share, reduce the minimum acceptable conversion price for debentures from $0.10 to $0.05 per share and reduce the minimum acceptable offering price for a non-Capital Pool Company IPO from $0.15 to $0.10 per security.

In addition, the TSX-V has also relaxed shareholder approval requirements for share consolidations to only require shareholder approval if the consolidation, when combined with any other consolidation conducted by the issuer within the previous two years that was not approved by the issuer's