CNSX repeats invitation to listed companies to switch
Canadian National Stock Exchange repeats invitation to listed companies to switch
The time is right to join
In 2010, companies have continued to move their listing across from the TMX Group markets – both the TSX and TSXV - by switching to CNSX. They have joined an increasing number of new companies choosing to list on CNSX first, with a record number of new listings in November 2010.
Companies list on CNSX for a variety of reasons. But the driving force behind most of these new listings is CNSX’s optimized listing regime, which combines market integrity and enhanced disclosure with a simplified listings process. This results in a saving of both management’s time and shareholder’s money, in the short and long term.
In addition, CNSX companies continue to raise new capital on our market. We have never had a quarter without a successful IPO – even through 2008 and 2009 – and listed companies frequently do subsequent offerings, successfully raising amounts of up to $80 million at a time on CNSX. Trading volumes on CNSX are at record levels as investors recognize the opportunities and the total number of listings increases.
“As an added incentive to make the switch, if you apply to list on CNSX before March 31, 2011, your initial one-time listing fee of $10,000 will include your first twelve months of maintenance fees – a saving of $3,600 - and a substantially higher saving compared to the sustaining fees you will pay on your existing exchange,” stated William Woods, Managing Director. “I am personally inviting all TSX and TSX-V listed companies to make the move now, well ahead of the start of the New Year. CNSX represents the growth choice for 2011,” he added.
A switch can take as little as 15 business days to complete, a company can use its existing public disclosures to create the application, and CNSX does not require an application to be sponsored, providing further cost reductions.
For more information, please contact
CNSX Markets Inc.
William Woods, Managing Director – Listed Market
T: 416-572-2000 x 2363
Or visit our website: www.cnsx.ca