A. Equity Securities - Fees for Listing Applicants and Listed Companies
Initial Listing fee - A non-refundable deposit of $5,000 must accompany the Listing Application, and the applicable balance is payable prior to the Listing Date.
|
Listing Type |
Balance of Fee |
Total Initial Listing Fee |
|
| a. |
Existing Reporting Issuer, including:
|
$20,000 |
$25,000 |
|
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, a basic fee of $15,000 will apply. |
$35,000 |
$40,000 |
|
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 |
|
Supplemental Listing fee - $1,000
A listed company must pay a flat fee to list an additional class of securities, payable prior to the Listing Date for the securities.
Monthly Fee - The monthly maintenance fee is due on the first business day of each month the Company is listed. The first monthly fee will be due on the first day of the month following the listing date. No fee will be applied to the period between the listing date and the first monthly fee. In the event of suspension or delisting, no portion of the fee will be refunded. Each listed issuer will be assessed a monthly fee calculated as a percentage of its daily average market capitalization for the first 9 months of the previous calendar year. The first monthly fee for a Listed Issuer will be the minimum base fee of $875. Subsequent monthly fees will be calculated using the daily average market capitalization between the listing date and the second monthly fee.
For companies with restricted shares listed and one or more classes of convertible multiple voting shares outstanding, market capitalization will be calculated as if all shares had been converted to the listed class.
Fees will be determined as follows:
|
Market Capitalization |
Monthly Fee |
Fees Calculated on an Annual Basis |
|||
|
|
Base Fee |
Rate |
Total |
Minimum |
Maximum |
|
$10 million or less |
$875 |
Not Applicable |
$875 |
$10,500 |
$10,500 |
|
Greater than $10 million |
$1,000 |
0.001% of Market Capitalization |
|
$13,200 |
$125,000 |
Requalification Fee - $1,000
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.
Late Filing Fee - $25 per day per CNSX Form
A Listed Company which has not posted a CNSX form in accordance with Exchange Policy will be required to pay $25 for each full business day the form remains outstanding subject to a maximum of $500.
Form 3 Personal Information Forms - $200 per individual form
Any CNSX 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.
Note: GST or HST will be applied to all fees, as applicable.
B. Fees for Listing Structured Products
Initial Listing fee - $10,000
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.
Subsequent Issues - $2,000
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.
Monthly Fee - variable
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.
Note: GST or HST will be applied to all fees, as applicable.