Change from the Venture Exchange to the Canadian Securities Exchange...Why would Wyloo/Noront do that?.....
Oh!....That's why.....
file:///C:/Users/APXRYWS001/Downloads/changes-expected-to-lead-to-renewed-interest-in-tsxvs-capital-pool-company-program.pdf
3. Lower Public Distribution Requirements The CPC Policy Changes will align certain CPC distribution requirements to be closer to the requirements of the Canadian Securities Exchange, which has emerged, with the influx of primarily cannabis companies, as a viable alternative trading market to the TSXV. CPCs will be required to have a Public Float of at least 500,000 shares (decreased from 1,000,000 shares) and consisting of at least 150 Public Shareholders (decreased from 200 Public Shareholders), each owning at least 1,000 shares. However, Public Shareholders will need to collectively hold at least 20% of the outstanding shares (compared to 10% required by the Canadian Securities Exchange). In addition, certain restrictions on maximum ownership of IPO Shares will be loosened.[7]....
BINGO!...Change the exchange listing..So you..Change the requirements ..So you..Change the retention percentage....It's that easy....Go from the TSXV to the CSE...Is that what they should do little birdie?.....You say "YES"
If the TSXV requires 20%, then just move Noront to the CSE that requires only 10%.
....with 15.4% retention we exceed the public requirement of the CSE, where with the TSXV we did not, and Noront stays public on the new CSE listing under "Wyloo Canada".
Could this be why there's been no squawking from our Government, and Canada's lovely First Nations?....Because we're going to see this retention thingy go away with the simple swipe of the pen....Hmmmmm...Interesting.
Thanks little birdie....Gosh!...You're so smart :)
TM....Who still has his fingers crossed as the days tick by...Now where's that little birdie.