The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Toronto Stock Exchange (TSX) Temporary Relief Extended

The TSX and TSX-V temporary relief measures have been extended through September 30, 2009.  Specifically:

  • Toronto Stock Exchange has extended the remedial review period for delistings from a maximum of up to 120 days to up to 210 days.
  • TSX Venture Exchange’s temporary relief measures include:
    • adding flexibility in how existing continued listing requirements are applied to listed issuers;
    • extending the time within which Capital Pool Companies® can complete their qualifying transactions, and
    • allowing the minimum issuance price per security in certain transactions to be less than $0.05 (but not less than the market price).

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