TSX uplisting requirements (sorry for the copy and paste)Minimum Listing Requirements Earnings or Revenue TSX Non-Exempt Technology Issuers1, 7 TSX Non-Exempt Research & Development (R&D) Issuers 7 Evidence of pre-tax earnings from on-going operations for the current or next fiscal year of at least $200,000 2 Evidence of pre-tax cash flow from on-going operations for the current or next fiscal year of at least $500,000 2 Net Tangible Assets $7,500,0003 TSX Non-Exempt Forecasting Profitability 7 TSX Exempt Industrial Companies 8 Cash Flow Adequate Working Capital and Capital Structure Funds to cover all planned development expenditures, capital expenditures, and G&A (5) expenses for 1 year 6 Cash in Treasury Min. $10 million in the treasury, with majority raised by prospectus offering Funds to cover all planned R&D expenditures, capital expenditures and G&A 5 expenses for 2 years 6 Working capital to carry on the business, and an appropriate capital structure Products and Services Evidence that products or services at an advanced stage of development or commercialization and that management has the expertise and resources to develop the business 9 Minimum 2 year operating history that includes R&D activities. Evidence of technical expertise and resources to advance its research and development programs10 All amounts are expressed in Canadian dollars. For detailed listing requirements, go to www.tmx.com. TSX Non-Exempt Profitable Issuers 7 Min. $12 million in the treasury, with majority raised by prospectus offering $2,000,000 3,4 $7,500,0003 Pre-tax cash flow of $500,000 in the last fiscal year Pre-tax cash flow of $700,000 in the last fiscal year, and an average of $500,000 for the past 2 fiscal years Pre-tax earnings from on-going operations of at least $200,000 in the last fiscal year Pre-tax earnings from on-going operations of at least $300,000 in the last fiscal year Management and Board of Directors Management, including the board of directors, should have adequate experience and technical expertise relevant to the company’s business and industry as well as adequate public company experience. Companies are required to have at least two independent directors. Public Distribution and Market Capitalization 1,000,000 free trading public shares $10,000,000 held by public shareholders 300 public shareholders each holding a board lot Minimum $50 million market capitalization 1,000,000 free trading public shares $4,000,000 held by public shareholders 300 public shareholders each holding a board lot Sponsorship Generally required