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ARTICLE · 23 DECEMBER 2020

TSX Venture Exchange Announces Significant Positive Changes To Its Capital Pool Company Program

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On December 1, 2020, the TSX Venture Exchange ("TSXV") announced significant positive changes to its Capital Pool Company ("CPC") program, a popular program for companies looking to access the public markets.

CanadaCorporate/Commercial Law
Richard Kimel
Richard Kimel
Russell J. Sanders
Russell J. Sanders
Emily Chittick
Emily Chittick
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On December 1, 2020, the TSX Venture Exchange ("TSXV") announced significant positive changes to its Capital Pool Company ("CPC") program, a popular program for companies looking to access the public markets. The amendments to the program come in the form of an amended and restated Policy 2.4 - Capital Pool Companies (the "New Policy") of the TSXV's Corporate Finance Manual, an overview of which is set out below. The New Policy in its current form is considerably more flexible than the predecessor policy governing CPCs (the "Old Policy") and is expected to be welcomed by capital markets participants. The New Policy is expected to take effect on January 1, 2021, subject to the receipt of applicable regulatory approvals.

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