RE: RE: RE: RE: RE: RE: RE: RE: RE: MMT now has B Ok, here are the requirements. No mention of 2.00. hmmmm
https://www.venturelawcorp.com/listing_requirements_TSX.html
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TSX - Industrial & Technology Companies Listing Requirements
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Requirements
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Profitable Companies
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Companies Forecasting
Profitability
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Technology Companies
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Research & Development Companies
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Pre-Tax Income
Last Year
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C$200,000
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C$200,000 (Evidence for current or next fiscal year only)
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N/A
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N/A
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Pre-Tax Cash Flow
Last Year
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C$500,000
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C$500,000 (Evidence for current or next fiscal year)
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N/A
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N/A
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Minimum Operating History
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One Year
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N/A
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Advanced stage development or commercialization of product/services
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Two years of R&D expenditures
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Net Tangible Assets
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C$2,000,000
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C$7,500,000
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N/A
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N/A
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# of Public Board
Lot Holders
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300
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300
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300
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300
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Minimum Free Trading
Public Float
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1,000,000
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1,000,000
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1,000,000
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1,000,000
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Value of Free Trading Public Float
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C$4,000,000
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C$4,000,000
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C$10,000,000
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C$4,000,000
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Market value of Issued Securities to be Listed
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N/A
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N/A
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C$50,000,000
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N/A
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Minimum Cash
in Treasury
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N/A
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N/A
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C$10,000,000
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C$12,000,000
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Minimum Additional Working Capital
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Adequate given business
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Adequate given business
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One year coverage
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Two years coverage
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Sponsorship Required
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Yes(1)
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Yes
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Yes
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Yes
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Note: (1) an applicant will be exempt from the sponsorship requirements if they have (a) net tangible assets of $7,500,000; (b) pre-tax income of at least $300,000; and (c) pre-tax cash flow of $700,000 in the fiscal year immediately preceding the filing of the listing application and an average pre-tax cash flow of $500,000 for the two fiscal years immediately preceding the filing of the listing application.
The listing staff of the Toronto Stock Exchange will also look at the suitability of all officers, directors and stockholders holding 10% or more of the company's stock. Companies must have at least two Canadian independent directors. They must also have a Toronto Stock Exchange participating organization sponsor their listing unless they meet the senior company listing criteria.
All companies listed on the Toronto Stock Exchange must agree to abide by the corporate governance requirements of the exchange.
For the listing criteria of mining companies click here or go to the TSX website. TSX - Mining.
Go to the listing requirements of other exchanges: