CNSX MARKETS INC. Extends Discount Plan for Eligible Canadian Listed Companies
Canadian National Stock Exchange Extends Discount Plan for Eligible Canadian Listed Companies
TORONTO, ONTARIO--(Marketwired - Oct. 15, 2013) - CNSX Markets Inc. (operator of the Canadian National Stock Exchange or "CNSX") today announced the extension of its initiative to provide relief from the high costs of maintaining a public listing on Canadian stock exchanges. Companies applying to switch their listing to CNSX through December 6 of this year will receive a 60% discount off of the fees charged to new CNSX applicants. Once listed, these companies will take advantage of the benefits currently enjoyed by CNSX's listed issues:
- Maintain market access and liquidity on a transparent auction market for Canadian and international investors - the only Canadian exchange to offer free real-time data via Google Finance
- Management and administrative time is saved by operating within CNSX's streamlined regulatory environment
- Costs and overhead are contained by virtue of CNSX's flat monthly maintenance fee - no additional fees for filings, ordinary course transactions, or a percentage charged of new financings raised for the company by the Exchange
The fee reduction brings the price of an initial listing on CNSX for qualified companies down to $5,000. Richard Carleton, CEO, stated "The discount plan encouraged a number of companies to apply to switch their listing to CNSX. The news last week of the investment by Dundee Corporation, and the appointment of Mr. Ned Goodman as Deputy Chairman of our Board, has accelerated interest in joining our issuer list. To capitalize on the momentum, and to provide relief for entrepreneurs struggling to make ends meet in these challenging times, we are pleased to extend this helping hand to qualified public companies."
To learn more, email us at email@example.com or visit our all new website at www.cnsx.ca. Follow us:
Real-time quotes and company information are available at www.google.com/finance
For further information please contact:
Robert Cook, Senior VP Market Development
James Black, Director - Business Development
About CNSX Markets:
CNSX Markets Inc. is a Canadian company established in 2001 that operates the Canadian National Stock Exchange. The company was recognized by the Ontario Securities Commission as a stock exchange in 2004. CNSX provides listing and trading services to a wide range of Canadian and international issuers. Through innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors, and extremely competitive fees, CNSX ensures that entrepreneurs are able to devote more time and resources to business growth. The exchange is a fast growing venue for issuers of equity and debt securities from all business sectors - CNSX: The Exchange for Entrepreneurs.