RE:RE:RE:Someplace in the LVX background ??OK, for an example, how about Great Bear Royalties Corp? Its a Tier 2 issuer. Go look at their news release dated March 31, first sentence. However not the right comparison to LVX. GB royalties did a rights offering (meaning selling to existing shareholders) for cash before listing, then did a non-offering prospectus. FSX did not do a rights offering; the TSXV-listed shares FSX holders got were "free". I dont know for a fact but suspect that the rights offering, seeing shareholders come in for cash before listing, affected the escrow analysis.
Lets try another exercise to test your no Tier 2 mining exploration issuer theories. Google "TSXV Stock Maintenance Bulletins". In any randomly selected sample day, count how many, just in one day, mining and exploration issuers are Tier 1 as a proportion of the total, compared to Tier 2. I think you'll find your belief is a bit misplaced.
Or just search SEDAR (or disclosureent if you have access) for newly listed explorecos with their listing news release and see how many say they are listing in Tier 1 vs. Tier 2. Tier assignment is 100% normal thing, every issuer is assigned a tier on listing depending on which listing requirements they meet.
Its very hard for exploration issuers to meet Tier 2 when they list, as most dont meet the $2m net tangible asset requirement for Tier 1. Many wont have a recommended work program large enough, or have enough unallocated capital, either.