We have successfully assisted companies being
listed or quoted on the Pink Sheets, OTCBB, CNQ, AMEX, NASDAQSM, NASDAQNM,
Berlin Bourse, the Toronto Stock Exchange and the predecessors to the TSX
Venture Exchange. It is our view that each exchange or quotation service
has its advantages and drawbacks. You can chose to become a listed company
on any of these trading markets by making a formal application or through
a reverse merger into a listed company . We can sit down with you and
discuss all of your listing/quotation options and help you make an
informed decision based on your company’s reasons for listing and future
direction.
In theory companies may apply directly to an exchange without assistance
of legal counsel. The question you should ask is whether you have the
experience to prepare the application thoroughly and answer the asked and
unasked questions of the listing review staff of that exchange. In
addition, the review process can be potentially demanding and time
consuming particularly if the listing staff of the exchange has an issue
that needs to be addressed or worked through before granting final
approval. A poorly submitted application could mean denial of listing or
higher legal costs if legal counsel must be retained in the middle of the
application to deal with a problem that has emerged.
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If you are planning to list with an exchange you must also keep in mind
that many exchanges have discretionary authority to ban any issuer from
listing under informal stated and unstated “public interest standards”. We
have had years of experience dealing with various exchanges and their
idiosyncrasies in exercising this discretion. We know what to expect and
how to address this area of your listing application. We can provide you
with advice and guidance in advance whether your company meets the listing
requirements of a particular exchange or needs some fine tuning before
applying.
If you think we may be able to help you, or you have any queries regarding
the TSX, OTCBB, the new CNQ or NEX exchanges, or other listing options in
the United States or Canada, please contact our office.
Venture Law Corporation
618 - 688 West Hastings Street
Vancouver, British Columbia
V6B 1P1
Phone: 604-659-9188
Fax: 604-659-9178
E-mail Us |
