RE: RE: answer OSCTMX Policy 4.1. PRIVATE PLACEMENTS:
1.6 Price
In a Private Placement of Listed Shares, the purchase price must not be less than the Discounted
Market Price for those Listed Shares.
https://www.tmx.com/en/pdf/Policy4-1.pdf
TMX Policy 1.1. INTERPRETATION:
“Discounted Market Price” means the Market Price less the following maximum discounts based on closing price (and subject, not withstanding the application of any such maximum discount, to a minimum price per share of .05 and a minimum exercise price per Warrant or incentive stock option, as the case may be, of .10):
Closing Price - Discount
up to .50 - 25%
.51 to $2.00 - 20%
Above $2.00 - 15%
https://www.tmx.com/en/pdf/Policy1-1.pdf