Canada's Public Equities Markets

CANADA’S PUBLIC EQUITIES MARKETS.

YOUR OPPORTUNITY

TSX and TSXV provide a unique environment that supports the needs of public

companies through their development. And as companies on TSXV grow, some may

be eligible to graduate to TSX, the “senior” market, thereby enabling investors to

seamlessly participate in their development over the full span of their lifecycle.

In fact, since January 2000, more than 600 companies have graduated from TSXV

to TSX. The graduates have raised $85 billion in equity capital on

TSX since then. There are 316 graduates currently listed on TSX,

representing a market capitalization of more than $160 billion, and

15% of these companies are currently in the S&P/TSX

Composite

Index, with three in the S&P/TSX

60 Index.

While the performance of a listed company depends onmany factors,

investors can take comfort in knowing that these companies have

met the initial and ongoing requirements to qualify for listing on

TSX and TSXV. Before they can offer shares to the public on either Exchange, companies

have to meet specific financial criteria, and demonstrate that their management team

has adequate experience and expertise to successfully manage a listed company.

Nevertheless, investors should always seek guidance from investment professionals

before making investment decisions. Past performance is not indicative of future

performance, and investing in securities is not without risk.

605

COMPANIES

HAVE GRADUATED

FROM TSXV TO TSX

SINCE JANUARY 2000

Investors across Canada, from coast to coast, can

participate in the growth of emerging companies

in their early stages of development on TSXV, as

well as established large-cap businesses on TSX.

* “S&P” is the trade-mark of Standard & Poor’s Financial Services LLC, and “TSX” is the trade-mark of TSX Inc.