2023 GUIDE TO LISTING 2023 GUIDE TO LISTING 28 29 SECONDARY LISTING ON U.S. MARKETS TSX TRADING Many TSX and TSXV companies seek secondary listings on a U.S. exchange or OTC market to increase access to U.S. investors. These companies may satisfy the secondary market’s listing standards based in part on trading and pricing histories in Canada. Companies that are reporting issuers under the U.S. Exchange Act are eligible for listing on a U.S. exchange (e.g., NYSE, NASDAQ), subject to satisfying the listing requirements of the exchange. As a U.S. company contemplating a Canadian public offering, you should be aware of the trading opportunities and processes for your current and future U.S. shareholders. See frequently asked questions for U.S. citizens to trade TSX and TSXV stocks. Trading is also included in the Growth Accelerator mentorship program provided to all new TSX and TSXV issuers. See the section on Company Services for more information. If you decide to become a Foreign Private Issuer to avoid SEC registration, here are a few points to consider. A holder of restricted securities of a Foreign Private Issuer may resell the securities on TSX or TSXV pursuant to exclusions available under Regulation S or after one year under Rule 144 of the U.S. Securities Act. If the company is a Foreign Private Issuer, restricted securities may generally be resold through the facilities of TSX or TSXV under Regulation S, subject only to applicable Canadian hold periods and resale restrictions. Many major U.S. broker dealers can facilitate trading through the facilities of TSX and TSXV, subject to U.S. securities laws. ACCESS TMX MONEY For free information on TSX and TSXV stock please visit money.tmx.com Can a U.S. citizen buy stocks listed on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV)? Yes. I bought shares (or I am considering buying shares) of a TSX or TSXV company through a Private Placement; how do I get these shares deposited and tradable in my U.S. brokerage account? If your U.S. broker informs you that they cannot deposit these shares, contact the Head of Capital Development at TSX or one of these firms directly that specializes in trading TSX/TSXV securities: Haywood Securities Canaccord Genuity As a U.S. investor, how do I trade stocks listed on TSX or TSXV? i. Trade through these U.S. online brokerages: Interactive Brokers, Fidelity (International Platform), Schwab. These platforms allow U.S. retail investors to trade nearly all TSX- and TSXV-listed issuers. For Interactive Brokers and Fidelity’s International Platform, investors will be able to access full quotes for TSX and TSXV symbols, quoted in Canadian dollars. On Schwab’s platform, investors will need to use the stock’s OTC ticker to trade it. Schwab investors will only be able to execute their trades in USD. ii. Call your broker. Not all U.S. brokerage firms offer access to every stock trading on TSX or TSXV. Some brokerages offer trading access, but limited quote information. Call your broker to find out if they provide full quotes and direct trading for the stock you wish to trade. If your broker does not offer trading for that stock, then you may consider contacting one of the online brokerage firms listed above. I can’t view a particular TSX or TSXV stock on my online trading platform. How do I access information about the stock? Call your broker to see if they can provide you with access to information. If you are looking to trade the stock, they may be able to assist you with the trade on their platform or process the order for you over the phone (check with your broker to see if additional fees apply). Otherwise, you may consider contacting one of the online brokerage firms under FAQ 2(i) above. 1 3 2 4 FREQUENTLY ASKED QUESTIONS TRADING FAQ 1 800 663-9499 1 800 382-9280
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