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The listing requirements for the CNQ are as follows:
fully reporting with the Ontario Commission,
not a blank check or inactive company,
minimum of 150 public stockholders holding a minimum board lot of 100 shares each,
minimum of 500,000 shares publicly held,
freely tradable shares must be worth a minimum of C $ 50,000,
operating companies must have achieved revenue from sale of goods or services,
non-operating entities must have a reasonable plan to develop an active business and the financial resources to carry out that plan.
either a cash generating capacity, or a recent history as a listed company and minimum working capital of C $50,000, or a minimum working capital of C $100,000.
officers, directors, related persons and investor relations persons associated with the company must have a clean record (clean RCMP and regulatory record).
company must not have entered into a settlement agreement with a securities regulator or other authority, known to be related to another offender, or have a consistent record of business failures (particularly with public companies),
agreement to comply with corporate governance requirements, and
must have letter from market maker agreeing to act as a market maker for securities of company once approved for listing.
business plan projecting the activities and financial condition of the company for 12 months from application date.
If you are planning to list of the CNQ feel free to print off our CNQ Listing Application Checklist. |