listing requirments as per google search
TSX – Exploration and Mining Companies Listing Requirements Requirements In Production Mining Companies (TSX Exempt) Pre-Production Feasibility Stage Mining Companies (Non-Exempt Producer) Exploration and Development Mining Companies (Non Exempt Exploration & Development Stage) Property Requirements 3 years proven and probable reserves as estimated by an independent qualified person. 3 years proven and probable reserves as estimated by an independent qualified person. If not in production, a production decision made. Advanced Exploration Property. Minimum 50% ownership in the property. Recommended Work Program Commercial level mining operations. Bringing the mine into commercial production. $750,000 on advanced exploration property as recommended in independent technical report. Net Tangible Assets $7,500,000 $4,000,000 $3,000,000 Pre-Tax Cash Flow Last Year $700,000 in last fiscal year and average of $500,000 for past two fiscal years. N/A N/A Profitability Pre-tax profitability from ongoing operations in last fiscal year. Evidence indicating a reasonable likelihood of future profitability supported by a feasibility study or historical production and financial performance N/A # of Public Board Lot Holders 300 300 300 Minimum Free Trading Public Float 1,000,000 1,000,000 1,000,000 Value of Free Trading Public Float C$4,000,000 C$4,000,000 C$4,000,000 Market value of Issued Securities to be Listed Minimum Cash in Treasury N/A Sufficient to bring the property into commercial production. Sufficient to complete recommended programs, plus 18 months G&A, anticipated property payments and capital expenditures. Minimum Additional Working Capital Adequate working capital to carry on the business. Adequate for all budgeted capital expenditures and to carry on the business. C$2,000,000 Sponsorship Required No Yes(1) Yes(1) Form 43-101 Technical Report Yes. Yes. Plus management prepared 18 month projection (by quarter of sources and use of funds, signed by CFO. Yes. Plus management prepared 18 month projection (by quarter of sources and use of funds, signed by CFO. Note: (1) The TSX may waive the sponsorship requirement if sufficient 3rd party due diligence has been conducted (ie. underwriter review in concurrent initial public offering.) 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 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 technology, industrial and research and development companies click here or go to the TSX website. TSX - Industrial, Technology, Research & Development.