En réaction aux circonstances extraordinaires avec lesquelles les émetteurs doivent actuellement composer en raison de la pandémie de COVID-19, la Bourse de croissance TSX (la « TSX-V ») a provisoirement réduit le prix minimal d'émission des actions inscrites de 0,05 $ à 0,01 $ dans certaines circonstances.
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Responding to the extraordinary circumstances that issuers are currently facing as a result of the COVID-19 pandemic, the TSX Venture Exchange (TSXV) has temporarily reduced the minimum price at which listed shares may be issued from $0.05 to $0.01 in certain circumstances.
In a bulletin published on April 8, 2020, the TSXV has provided temporary relief (the Temporary Relief) from certain requirements of its Corporate Finance Manual (the Manual) to reduce the minimum price at which listed shares may be issued in private placements, public offerings, shares for debt transactions and as bonuses for loans or guarantees. Under the Temporary Relief, where the Market Price (as defined in the Manual) of an issuer's listed shares is not greater than $0.05, the minimum price at which such issuer's shares may be issued will be the Market Price subject to a minimum price of $0.01. Where the Market Price of listed shares is greater than $0.05, the minimum price at which listed shares may be issued will remain $0.05, less existing allowable maximum discounts based on closing price, subject to a minimum of $0.05. The TSXV's Temporary Relief will also reduce the minimum price at which shares may be issued in financings and shares for debt transactions under the NEX policies in certain circumstances.
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