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ARTICLE · 15 APRIL 2014

TSX Provides Guidance Regarding Waivers Of Minimum Pricing Requirement

The TSX-V issued guidance regarding the specific circumstances in which the exchange will consider waiving the $0.05 minimum pricing requirement.

CanadaFinance and Banking

The TSX-V issued guidance yesterdayregarding the specific circumstances in which the exchange will consider waiving the $0.05 minimum pricing requirement generally applicable to financings. According to the TSX-V, while the exchange is not generally amenable to waiving the requirement, it will consider waiver requests on a case-by-case basis, treating certain circumstances more favourably, such as rights offerings and pending share consolidations.

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