I wonder P.S. will meet the following TSX listing requirement without distributing free shares to the existing shareholders. Otherwise IPO will likely be faulted.
|
TSX Venture
Tier 1
|
TSX Venture
Tier 2
|
TSX Non-exempt
Exploration and
Development Stage
|
|
Distri-bution, Market Capitali-zation and Public Float
|
Public float of 1,000,000 shares; 250 Public Shareholders each holding a Board Lot and having no Resale Restrictions on their shares; 20% of issued and outstanding shares in hands of Public Shareholders
|
Public float of 500,000 shares; 200 Public Shareholders each holding a Board Lot and having no Resale Restrictions on their shares; 20% of issued and outstanding shares in the hands of Public Shareholders
|
C$4-million publicly held 1,000,000 free trading public shares; 300 public holders with board lots
|
|
Sponsorship
|
Sponsor report may be required
|
Required (may be waived if sufficient previous third-party due diligence)
|
Not required
|
