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Security Based Compensation Policy

TSX Venture Exchange is pleased to announce changes to its policies regarding Security Based Compensation. Policy 4.4 - Security Based Compensation covers a variety of types of Security Based Compensation, such as deferred share units, performance share units, restricted share units and stock appreciation rights. Amendments have also been made to the Form 4G Summary Form - Security Based Compensation. More information can be found in the Security Based Compensation Bulletin Notice.

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Canadian securities regulators propose semi-annual financial reporting pilot

The Canadian Securities Administrators (CSA) announced a proposed multi-year pilot to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting (the SAR Pilot). The SAR Pilot would provide an exemption for certain venture issuers listed on the TSX Venture Exchange Inc. (TSXV) or the CNSX Markets Inc. (CSE) from the requirement to file first and third quarter financial reports under National Instrument 51-102 Continuous Disclosure Obligations.

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