Listing Requirements on the TSE.
First,you have the basic requirements:
1,000,000 freely tradeable shares,aggregate market value of $2,000,000.00 ,and at least 300 public shareholders.
Further requirements for the JUNIOR Oil and Gas:
The company is required to submit technical reports by qualified,independant,authorities.These reports are scrutinized by geological experts engaged by the TSE.
The company must have definitive exploration programs that can be reasonably expected to boost their reserves and sufficient funds to carry out those programs.A junior company with proven developed reserves of $5,000,000.00 may be accepted if annual pre-tax cash flow is at least$200,000.00.
Alternatively,a company with proven developed reserves of $2,000,000.00 may be eligible if working capital is sufficient.(at least $500,000.00)
Do we qualify? Have a good one.Glen |
