The TSX Venture Exchange (TSX-V) has published a bulletin to issuers reminding them that
the 2022 annual sustaining fees were due and payable March 31, 2022. In the bulletin, TSX-V staff note that late payment can result in a late payment fee and that failure to make payment by May 31, 2022 may result in the TSX-V proceeding to halt the Issuer’s securities.
TSX-V staff advise that if trading is halted, issuers will be subject to additional fees. If payment is still not made following the halt, the issuer may be suspended. According to TSX-V staff, is will result in a reinstatement review and the possible payment of further fees.
TSX-V staff advise that payment can be made in anyone of these ways: Electronic Funds Transfer (EFT), Online Banking, Credit Card (for payment amounts below CAD $10,000) and, by cheque.
For further information, contact the TSX Venture Exchange at: firstname.lastname@example.org
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 -1004.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.