TSXV Launches Passport Listing Process To Accelerate Access To Markets

In response to a rapidly evolving market and following consultation with market participants, the Toronto Stock Exchange's ("TSX") Venture Exchange (the "TSXV") has introduced a new passport listing process for companies seeking to go public (the "Passport Listing Process"). The goal of the Passport Listing Process is to identify advanced new listing applicants, provide them with greater certainty, accelerate their listing and capital-raising timelines and reduce costs associated with the listing process. Applicants seeking to list on the TSXV pursuant to the Passport Listing Process benefit from greater access to TSXV staff and expedited reviews.

Pre-filing requirements

New listing applicants that wish to take advantage of the Passport Listing Process are required to submit a pre-file letter with detailed analysis demonstrating that they meet the qualification requirements for the Passport Listing Process. Following the TSXV's receipt and review, a