Mountain Valley MD Holdings Inc C.MVMD

Who cares now, but what does it cost to be on TSX?

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This Listing Fee Schedule outlines the fees payable by listed issuers on Toronto Stock Exchange (TSX). All listed issuers are subject to three main fee categories: Original Listing Fees, Additional Listing Fees and Annual Sustaining Fees.

Original Listing Fees - A one time fee payable for listing on TSX, based on the Listing Capitalization, and calculated separately for each class of listed securities.

Additional Listing Fees - After an original listing, if additional securities of a listed issuer are to be listed, there is a fee for listing the additional securities, based on the Listing Capitalization.

Annual Sustaining Fees - Payable annually, for the calendar year, by all listed issuers for maintaining a listing on TSX. The sustaining fee is generated at the end of January of each year and is based on the Market Capitalization as at the last trading day of the preceding calendar year. 
 

Listing Fee Formula

Base Fee + [(Listing (or Market) Capitalization – Base Listing (or Market) Capitalization) * Applicable Variable Rate]

Example

For a Corporate Issuer listing an additional $30,000,000 worth of securities, the additional listing fees would be, in accordance with Schedule D3 (Additional Listing Fees for Corporate Issuers):

[$21,650 base fee + $31,600 variable fee ($30M listing capitalization - $10M base listing capitalization = $20M x 0.158% variable fee rate)]

= $53,250 (subject to GST and other applicable taxes) 
 

Original Listing Fees – Schedule D1

Listing Capitalization		Base Fee	+ Variable Fee Rate for Listing Capitalization in Excess of Base Listing Capitalization
Base Listing Capitalization
$0	up to $5M	$10,000	0.142%
$5M	up to $10M	$17,100	0.137%
$10M	up to $50M	$23,950	0.132%
$50M	up to $100M	$76,750	0.127%
$100M	and above	$140,250	0.122%
The maximum fee is $200,000

A non-refundable amount of $10,000 must be submitted at the time of the application and will not be deducted from the original listing fee. This $10,000 initial payment is not required for TSX Venture Exchange and NEX applicants graduating to TSX.

Original Listing Fees for Non-Domestic Issuers – Schedule D2

TSX Venture Exchange Graduate Issuers

Credit will be given for any TSX Venture Exchange and NEX transaction fees paid in the 90 days prior to the date at which such issuer lists on TSX, up to a maximum of 25% of the total original listing fee payable upon listing on TSX.

Listing Capitalization		Base Fee	+ Variable Fee Rate for Listing Capitalization in Excess of Based Listing Capitalization
Base Listing Capitalization
$0	up to $5M	$7,500	0.10650%
$5M	up to $10M	$12,825	0.10275%
$10M	up to $50M	$17,963	0.09900%
$50M	up to $100M	$57,563	0.09525%
$100M	and above	$105,188	0.09150%
The maximum fee is $150,000

Schedule D2 applies to Non-Domestic Issuers that are already listed on an exchange or marketplace outside of the Canada at time they submit an original listing application to TSX.

A non-refundable amount of $7,500 must be submitted at the time of the application and will not be deducted from the original listing fee. This $7,500 initial payment is not required for TSX Venture Exchange and NEX applicants graduating to TSX.

 

All applicable taxes will be added to all fees in this Listing Fee Schedule.

Additional Listing Fees1 – Schedule D3

Listing Capitalization		Base Fee	+ Variable Fee Rate for Listing Capitalization in Excess of Base Listing Capitalization
Base Listing Capitalization
$0	up to $5M	$5,000	0.169%
$5M	up to $10M	$13,450	0.164%
$10M	up to $50M	$21,650	0.158%
$50M	up to $100M	$84,850	0.153%
$100M	and above	$161,350	0.147%
The maximum fee is $170,000

Annual Sustaining Fees1 – Schedule D4

Listing Capitalization		Base Fee	+ Variable Fee Rate for Market Capitalization in Excess of Base Listing Capitalization
Base Listing Capitalization
$0	up to $100M	$12,000	0.0120%
$100M	up to $300M	$24,000	0.0100%
$300M	up to $700M	$44,000	0.0080%
$700M	and above	$76,000	0.0060%
The maximum fee is $110,000