RE:You Need 3 Min. Directors as TSX Requirement...Yes, you are correct. I am the CEO of Kermode and I'm sorry that I did not request a halt prior to sending out the news. My mistake. I expect it will not happen again as this has been a fairly memorable event for me.
Note that I have read and re-read the TSXV policy on Continued Listing Requirements here:
https://www.tsx.com/resource/en/425
But the policy document on Continued Listing Requirements does not mention the "at least 3 directors" requirement as it is described in the policy on Directors and officers here (policy 3.1 section 5.6):
https://www.tsx.com/resource/en/430
I had figured the CLR would be a comprehensive list of all requirements to continue to trade, but there are important details that appear in other policy documents as in this example.
I am taking a course in Vancouver next with SFU, TSX, TSXV and BCSC titled "PBCO200 PUBLIC COMPANIES: FINANCING, GOVERNANCE AND COMPLIANCE" and I look forward to learning more directly from the source.
"Supported by the Toronto Stock Exchange, the TSX Venture Exchange, and the BC Securities Commission, this course will give you the information you need to comply with Canada’s complex system of securities regulation. Topics include fundamentals of corporate governance, securities law, shareholder communications and investor relations, financial statement requirements, obligations for company insiders, understanding TSX/TSX Venture Exchange requirements, and directors’ powers, functions, and liabilities."