TSX Company Manual:

TSX Company Manual
Part I Introduction
Part II Why List on the Toronto Stock Exchange?
Part III Original Listing Requirements
Part IV Maintaining a Listing — General Requirements
Part V Special Requirements for Non-Exempt Issuers
Part VI Changes in Capital Structure of Listed Issuers
Part VII Halting of Trading, Suspension and Delisting of Securities
Part VIII Fees Payable by Listed Companies
Part IX Dealing with the News Media
Part X Special Purpose Acquisition Corporations (SPACs)
Part XI Requirements Applicable to Non-Corporate Issuers
Provisions Respecting Conflict of Interest and Competitors of TMX Group Limited
Forms
Appendices
Notices of Approval
Requests for Comments
Staff Notices to Applicants, Listed Issuers, Securities Lawyers and Participating Organizations
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Location: TSX Company Manual > Part III Original Listing Requirements > B. Minimum Listing Requirements > Minimum Listing Requirements for Mining Companies > Sec. 314.1. Requirements for Eligibility for Listing exempt from Section 50124

Sec. 314. Requirements for Eligibility for Listing – Non-exempt issuers15 Sec. 315. Public Distribution

Sec. 314.1. Requirements for Eligibility for Listing exempt from Section 50124

a) net tangible assets25 of $7,500,000;
b) pre-tax profitability from ongoing operations in the fiscal year immediately preceding the filing of the listing application;
c) pre-lax cash flow of $700,000 in the fiscal year immediately preceding the filing of the listing application and an average pre-tax cash flow of $500,000 for the two fiscal years immediately preceding the filing of the listing application;
d) proven and probable reserves to provide a mine life of at least 3 years, calculated by an independent qualified person26 and
e) adequate working capital to carry on the business and an appropriate capital structure.

Exceptional circumstances may justify the granting of an exemption from Section 501, in which case the application will be considered on its own merits. "Exceptional circumstances" for this purpose will normally be confined to an affiliation with a substantial established enterprise and/or an exceptionally strong financial position.


24 See footnote 1

25 See footnote 17

26 See footnote 16


Sec. 314. Requirements for Eligibility for Listing – Non-exempt issuers15 Sec. 315. Public Distribution

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