6 F. Projected sources and uses of funds Depending on the listing category and Exchange on which an applicant seeks to qualify for listing, you may be required to file projected sources and uses of funds. 1. Technology Applicants on TSX – Projected sources and uses of funds statement, including related assumptions, for a period of at least 12 months, presented on a quarterly basis, prepared by management. 2. Research and Development Applicants on TSX – Projected sources and uses of funds statement, including related assumptions, for a period of 24 months, presented on a quarterly basis, prepared by management. 3. Mining and Oil & Gas Applicants on TSX – Projected sources and uses of funds statement for a period of 18 months, including related assumptions, presented on a quarterly basis, prepared by management, unless the Applicant is applying as an exempt issuer (pursuant to Section 314.1 or 319.1 of the Manual). The NI 43-101 and NI 51-101 technical reports should include a recommended work program that ties in with the 18 month projection of sources and uses. 4. TSXV – Projected sources and uses of funds statement, including related assumptions, for a period of at least 12 – 18 months, presented on a quarterly basis, prepared by management. The time period varies with the category. NI 43-101 and NI 51-101 technical reports should include a recommended work program that ties with the 12‑18 month projection of sources and uses. G. Sponsorship TSX TSXV TSX Sponsorship by a Participating Organization of the Exchange may be required. This is a one time requirement at the time of listing. Sponsorship is not required for companies applying to list as an exempt issuer under section 309.1, 314.1 or 319.1 of the Manual. Sponsorship may also be waived by TSX if a company completes a Prospectus offering or brokered financing immediately before or concurrently with the listing. TSXV generally requires sponsorship, but does have discretion to waive the sponsorship requirement if the Applicant is filing a full prospectus or other criteria are satisfied such as the involvement of an investment dealer in a concurrent financing or other evidence of third party due diligence. For exemptions, refer to Corporate Finance Manual Policy 2.2, Section 3.4 in the link provided in the document. Applicants are invited to contact TSXV to assess the need for sponsorship. H. Technical reports for mining and oil & gas applicants a. Full and up-to-date reports on the material properties of the applicant, prepared in compliance with NI 43-101 for mining applicants and NI 51-101 for oil & gas applicants are required. The report must cover material properties and may cover others. b. NI 43-101 reserve and resource reporting incorporates the standards adopted by the Canadian Institute ofMining, Metallurgy and Petroleum. Certain foreign resource and reserve standards are recognized for purposes of reporting under NI 43-101, including JORC and SAMREC, provided there is a reconciliation to Canadian categories included. NI 43-101 requires a Certificate of Author. c. NI 51-101 reserve and resource reporting standards must follow the Canadian Oil & Gas Evaluation Handbook (COGEH). NI 51-101 requires Statement of Qualifications. d. These certifications from the author must be in a required form and must confirm that they: i) have reviewed the disclosures in the Principal Listing Document regarding the properties covered by such reports; and ii) consider the disclosure to be accurate to the best of their knowledge. I. Material contracts and other general documents During the review process additional documents relating to the applicant such as material contracts and security based compensation arrangements may be requested. Additional requirements and procedures may apply to Emerging Market Issuers. These will include detailed information about applicable laws and corporate controls where a business has material assets or operations in an emerging market. For guidance, refer to the TSX Staff Notice 2015‑0001 and the TSXV Corporate Finance Manual Policy 2.10.
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