As a TSX or TSX-V listed company you will receive a TMX Group invoice early in the New Year in respect of your annual sustaining fees on that exchange.
Before you write another cheque for those high annual fees or have a deal delayed by exchange bureaucracy, you owe it to your shareholders to consider the following facts about CNSX:
We are often asked: Exchange review of corporate transactions entered into by listed companies in Canada has been unchanged for decades, so how is this possible?
The answer is that the regulatory regime of Canada’s other exchanges has not evolved beyond that old exchange model. CNSX, on the other hand, is designed for the regulatory environment of today – where we already have National Instruments at the securities commission level to dictate prospectus disclosure, non-arms length transactions, technical and continuous disclosure standards. This enables CNSX to require enhanced disclosure, but avoid pre-vetting and deal review at the exchange level.
In summary, our full disclosure models ensures that you and your management team spend more time on building your company and less time dealing with bureaucratic issues raised by the exchange. In addition, if your company has been listed for more than one financial year, we may be able to significantly streamline the application process for you. So it is now easier to switch your listing to CNSX and easier to maintain your listing on CNSX.
As an added incentive to make the switch, if you apply to list on CNSX before March 31, 2011, your initial one-time listing fee of $10,000 will include your first twelve months of maintenance fees – a saving of $3,600 – and a substantially higher saving compared to the sustaining fees you will pay on your existing exchange.
Speak to us about your business and your objectives; we can tell you how listing on CNSX – Canada’s growth exchange – will help you.