Canadian National Stock Exchange Announces New Listing Fee Discount
60% Saving for Companies Listed in Canada
TORONTO – July 15, 2013 – CNSX Markets Inc. (operator of the Canadian National Stock Exchange or “CNSX”) today announced an initiative designed to provide relief from the high costs of maintaining a public listing on other Canadian stock exchanges. Companies applying to switch their listing to CNSX between July 15 and September 30 of this year will receive a 60% discount off of the fees charged to new CNSX applicants. Once listed, these companies will take advantage of the benefits currently enjoyed by CNSX’s nearly 200 current listed issues:
• Costs and overhead are contained by virtue of CNSX’s flat monthly maintenance fee – no additional fees for filings, ordinary course transactions, or a percentage charged of new financings raised for the company by the exchange
• Maintain market access and liquidity on a transparent auction market for Canadian investors – the only Canadian exchange to offer free real-time data via Google Finance
• Management and administrative time is saved by operating within CNSX’s streamlined regulatory environment
The fee reduction brings the price of an initial listing on CNSX down to $5,000. Richard Carleton, CEO, stated “Given the current corporate finance challenges for early stage and established companies, CNSX is offering an incentive to enable more companies to take advantage of our superior exchange model. Companies can spend less money on maintaining their listing, leaving more resources and time to invest in growing their businesses”.
The listing process on CNSX is straightforward and readily attainable for public companies that meet the exchange’s listing requirements for public float, working capital or revenues. Listing requirements and forms are available on www.cnsx.ca and exchange staff known for their customer service can be contacted by email to [email protected].
To learn more, email us at [email protected] or visit www.cnsx.ca and on Twitter @CNSX_News
Real-time quotes and company information are available at www.google.com/finance
For further information please contact:
Robert Cook, Senior Vice-President Market Development (416) 367-7349
[email protected]
James Black, Director Business Development (778) 383-7694
[email protected]
About CNSX Markets:
CNSX Markets Inc. is a Canadian company established in 2001 that operates the Canadian National Stock Exchange. The company was recognized by the Ontario Securities Commission as a stock exchange in 2004. CNSX provides listing and trading services to a wide range of Canadian and international issuers by offering low fees and innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors. With 198 securities listed, and 88 participating dealers, CNSX is an attractive and growing venue for issuers of equity and debt securities from all business sectors.