Fees, Policies & Forms

Including:

• Prospectus filer
• Issuer moving from another exchange
• Unlisted Issuer in good standing, subject to the terms of a Fundamental Change

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, a basic fee of $15,000 will apply.

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.

A listed company must pay a flat fee to list an additional class of securities, payable prior to the Listing Date for the securities.

A Listed Company which has had its securities suspended from trading will be required to pay a requalification fee in addition to curing the default or breach that gave rise to the suspension.

Any Form 3 – Personal Information Form (PIF) submitted by a Listed Company is subject to a fee of $200 payable at the time of submission. A PIF submitted by a listing applicant in connection with the application is not subject to this fee. All PIF submissions may be subject to additional fees in connection with background checks for individuals with residential history outside Canada and the U.S.

A non-refundable deposit of $2,000 must accompany the Listing Application, and the balance of $8,000 is payable prior to the Listing Date. The Initial Fee includes the first security of the issuer to be listed on the Exchange.

This fee is payable upon listing, for each additional security listed on the Exchange following the initial listing. For new securities posted on an if as and when issued basis, the fee is payable on the date of issue.

The fee is based on the total value of the security. For securities with a fixed term, the fee will be determined at the time of issuance and remain fixed for the full term.

For each security: an annual rate of 6 basis points (“bps”) on the value less than or equal to $10,000,000 ($600 per $1,000,000 per annum) plus 3 bps for the value exceeding $10,000,000, divided by 12, subject to a minimum monthly fee of $100.