So, the Money is There...Take a Look The Review ONLY takes place AFTER the Approval is Granted AND the Company actually UTILIZES the exemtption...Meaning they Get the Money:
"Assuming the TSX grants its conditional approval with respect to the Private Placement, the Company will be the subject of a remedial delisting review by the TSX. It is routine for the TSX to require any issuer utilizing the financial hardship exemption to be the subject of such review. Pursuant to this delisting review, the TSX will require that the Company demonstrate to the TSX that the Company complies with all of the TSX requirements for continued listing after completion of the Offerings. The Company expects that it will meet the TSX’s continued listing requirements and thus maintain its listing on the TSX." "2019-08-13 11:22 ET - Miscellaneous
The Toronto Stock Exchange reports that it is reviewing the common shares and 7 per cent senior unsecured convertible debentures of Spectra7 Microsystems Inc. with regard to their eligibility for continued trading. According to the TSX, the company has 120 days to regain compliance with its continued listing requirements, pursuant to the remedial review process."