Private Placement Pricing ?Pricing The TSXV requires that common shares issued in a private placement be issued at a price that is equal to or greater than the closing price of the shares on either the day before:
- the day the company announces a transaction; or
- the day the target files a price reservation form,
less a discount of up to 25% (where the price is $0.50 or less, subject to a minimum price per share of $0.05), 20% (where the price is between $0.51 and $2.00) or 15% (where the price is $2.00 or more).
The target selects which price it will use as a reference.