RE: RE: questionHere is the policy on news releases during a PP from the TMX Venture.
1.11 News Releases
(a) Under Policy 3.3 - Timely Disclosure, a Private Placement is deemed to be a Material Change in the affairs of the Issuer. Accordingly, on the earlier of 30 days from the price reservation and the Agreement Day, the Issuer must issue a news release disclosing the material details of the Private Placement, which at a minimum shall include a description of the number and type of securities to be issued and the price per security. If there is a Brokered Private Placement, the news release must include the name of the Agent. If the Private Placement is a Related Party Transaction, the news release and any Material Change report must also include the applicable disclosure as required by Policy 5.9. In accordance with Policy 3.3, the Issuer must determine whether to request a halt in trading before the news release is issued.
(b) All Material Changes in an Issuer’s affairs which might affect the trading price of its Listed Shares must be disclosed before the Issuer sets the price of the Private Placement. The Issuer must also disclose any Material Changes which occur during the filing period in accordance with Exchange timely disclosure policies. Any Material Changes can affect the minimum conversion price or price per share permitted by the Exchange.
(c) If the Issuer’s Notice has been deemed withdrawn, or the Private Placement has otherwise been terminated, the Issuer must promptly issue a news release disclosing the material facts of the withdrawal or termination.(d) The Issuer must also issue a news release announcing closing of the Private Placement, setting out the expiry dates of the hold period(s) for the securities issued pursuant to the Private Placement and a description of any bonus, finder’s fee, commission, Agent’s Option or other compensation to be paid in connection with the Private Placement and, if such compensation is paid in securities, a description of the number and type of securities.
Here is the rest of the link if you are interested in reading more. I haven't read the entire passage so it may not be exactly what you are looking for.
www.tmx.com/en/pdf/Policy4-1.pdf