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Notice 2020-001 - Listing Fee Schedule

January 7, 2020

The Canadian Securities Exchange (“CSE” or “Exchange”) announces changes to its listing fee schedule.  Changes to application fees are effective immediately, and monthly fee changes will be effective February 1, 2020.

Initial Listing Fees & Applications

The non-refundable portion of the initial listing fee (often referred to as the “Application Fee” or “Deposit”), will increase from $3,500 to $5,000 and will apply to all applications, including a Fundamental Change of a CSE Listed Issuer (but excluding a change of business with no transaction).  The balance of the initial listing will be determined as follows:

 

Listing Type

Balance of Fee

Total Initial Listing Fee

a.

Existing Reporting Issuer, including:

Prospectus filer,

Issuer moving from another exchange,

Unlisted Issuer in good standing, subject to (b)

 

$10,000

$15,000

b.

Fundamental Change of a CSE Listed Issuer or any application for an issuer qualifying for listing through completion of a fundamental change transaction or a change of business.

Exception – For an existing CSE Listed Issuer undergoing a change of business with no major acquisition or change of control, the basic fee of $10,000 will apply.

 

$15,000

$20,000

c.

Additional Review Fees –

An applicant not listed within three months of receiving conditional approval must pay an Additional Review Fee equal to half of the non-refundable portion of the listing fee.  Following a review, the Exchange will issue an updated conditional approval letter

An applicant not listed within 6 months of receiving conditional approval (without an updated conditional approval), must re-submit the non-refundable portion of the listing fee.

 

$2,500

 

 

$5,000

 

 

Monthly Listing Fees

CSE will continue to employ the flat rate rather than activity-based fee model, but the fees will be determined by market capitalization, such that the larger companies will pay higher fees.

The rates are as follows:

Market Capitalization

Monthly Fee

Annual Cost

Less than $10 million

$750

$9,000

$10 million to less than $25 million

$1,000

$12,000

$25 million to less than $100 million

$1,250

$15,000

Greater than $100 million

$1,500

$18,000

 

Implementation Date:

The application fees are effective immediately for applications not yet received. The increase in monthly listing fee will be implemented February 1, 2020. 

Quick link:

Current Listing Fee Schedule

If you have any questions or require further information, please contact:

Listings@theCSE.com

416.367.7340

www.thecse.com

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