Policy 1.3 Schedule of Fees
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| LISTING FEES |
Application Fee
(detailed preliminary assessment) |
5,000 |
5,000 |
Payment to be applied toward the formal filing of the New Listing, RTO or COB application. A non-refundable $5,000 fee is payable with the initial submission. Includes review of compliance with social and environmental guidelines |
| New Listing (*) |
3,000 |
3,000+ |
The $3,000 balance is payable prior to listing + 2% deemed value of shares issued |
Reverse Take Over /
Change of Business |
3,500 |
20,000 |
$3,500 + 0.5% deemed value of shares issued |
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| ANNUAL FEE(1) |
| Issuers with a market capitalization of $5 million or less |
3,000 |
3,000 |
Flat fee |
| Issuers with market capitalization of greater than $5 million and less than $100,000,000 |
5,000 |
9,750 |
$5,000 + $50 for each $1,000,000 in market capitalization or part thereof above $5 million |
| Issuers with market capitalization greater than or equal to $100,000,000 and less than $500,000,000 |
12,000 |
32,000 |
$12,000 + $50 for each $1,000,000 in market capitalization or part thereof above $100 million |
| Issuers with market capitalization of $500,000,000 or above |
50,000 |
80,000 |
$50,000 + $50 for each $1,000,000 in market capitalization or part thereof above $500 million |
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| FINANCING FEES |
| Private Placement/Public Offering of less than $10 million |
300 |
20,000 |
$300 + 0.5% of proceeds raised |
| Private Placement/Public Offering greater than or equal to $10 million |
20,000 |
40,000 |
$20,000 + 0.1% of proceeds exceeding $10 millions |
| Bonus Shares/Loans |
500 |
20,000 |
$500 + 0.5% deemed value of shares issued |
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| FILING FEES |
| Stock Option plan review/administration |
300 |
20,000 |
$0.001 per share reserved for issuance |
| Shares for Debt |
300 |
20,000 |
$300 + $0.5% of debt |
| Expedited Acquisition |
300 |
30,000 |
$300 + 0.5% deemed value of shares issued |
| Reviewable Transaction |
750 |
20,000 |
$750 + 0.5% deemed value of shares issued |
| Additional Listing (Amalgamation, Merger) |
750 |
20,000 |
$750 + 0.5% deemed value of shares issued |
| Share Split |
750 |
20,000 |
$750 + 0.5% deemed value of shares issued |
| Consolidation |
1,500 |
1,500 |
Flat Fee |
| Supplemental listing(2) |
1,500 |
1,500 |
Flat Fee |
| Normal Course Issuer bid, Stock Green Stock Exchange (GREENSX) Take-over bid or Issuer bid |
1,500 |
1,500 |
Flat Fee |
| Shareholder rights plan |
1,500 |
1,500 |
Flat Fee |
| Alteration in Capital |
1,500 |
1,500 |
Flat Fee |
| Escrow amendments, transfers & releases |
500 |
500 |
Flat Fee |
| Warrant & Convertible Debt extensions/price amendments |
500 |
500 |
Flat Fee |
| Stock Option amendment |
300 |
300 |
Flat Fee |
| Investor Relations Agreements |
300 |
300 |
Flat Fee |
| Name change (no consolidation) |
300 |
300 |
Flat Fee |
| Management agreements, employment & Admin contracts |
300 |
300 |
Flat Fee |
| Reinstatement for Suspended Issuers |
300 |
300 |
Flat Fee |
| Processing(3) |
300 |
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| NO CHARGE |
| Change in Corporate Jurisdiction |
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| Change in Filing Office |
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| Policy waiver |
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| Stock Option Grants |
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| *All minimum fees, plus applicable taxes, are non-refundable and must be submitted with the initial documentation prior to Green Stock Exchange (GREENSX) commencing work. The balance of the required listing fee is not to be submitted until requested by Green Stock Exchange (GREENSX) at the conclusion of the transaction. The non-refundable fee for a New Listing submission is $5,000. |
NOTES:
(1) Calculated based on the market capitalization of the Issuer as at December 31 of the year prior to the billing period. If an Issuer fails to submit its sustaining fee by the required remittance date, as prescribed by the Green Stock Exchange (GREENSX), an additional monthly fee of 6% of the outstanding sustaining fee will be charged to the Issuer for each month that the sustaining fee remains outstanding.
(2) This fee is normally applicable to a supplemental listing of warrants. A supplemental listing of other securities undertaken in conjunction with a Private Placement or Public Offering will be subject to the financing fees applicable to Private Placements or Public Offerings.
(3) This processing fee may be charged in various circumstances, including where an Issuer fails to file an application in respect of a transaction, in accordance with Green Stock Exchange (GREENSX) Requirements. In those circumstances, in addition to any other fee payable in regard to that transaction, the Issuer will be required to pay a processing fee of $500 for each missed transaction filing.
(4) The Green Stock Exchange (GREENSX) may impose fees to recover its costs, including the following:
(a) The Green Stock Exchange (GREENSX) will require reimbursement of out of pocket costs incurred in the context of the filing of Personal Information Forms (PIFs) for:
(i) the approval of a new Insider, except where the Person becomes an Insider in the context of a transaction (i.e. Private Placement, RTO, COB etc.) for which fees are otherwise prescribed by this Policy; or
(ii) the approval of an appointment of a Person carrying out Investor Relations Activities (collectively, the Reimbursement Circumstances).
If there are Reimbursement Circumstances, a filer must, in addition to any other fees payable pursuant to this Policy, submit a fee of $200 for each new Insider or Person carrying out Investor Relations Activities.
(b) The Green Stock Exchange (GREENSX) may levy a charge to cover expenses that it has incurred relating to:
(i) due diligence, research or assessment procedures which the Green Stock Exchange (GREENSX) deems necessary in connection with any notice or application that has been filed or that, in the opinion of the Green Stock Exchange (GREENSX), ought to have been filed in accordance with Green Stock Exchange (GREENSX) Requirements;
(ii) a review that the Green Stock Exchange (GREENSX) deems necessary, as to the suitability of any Person to be involved with an Issuer or an Associate or Affiliate of an Issuer; or
(iii) any review or investigation that the Green Stock Exchange (GREENSX) deems necessary respecting the business or affairs of an Issuer or any Person involved or to be involved with an Issuer.
(5) The Green Stock Exchange (GREENSX) reserves the right to charge additional fees in extraordinary circumstances where an inordinate amount of time is required to process an application or a filing.
(6) 5% GST is to be added to all fees.
(7) Calculation of fees for listing transactions includes the exercise of all warrants or conversion of any convertible securities.
(8) The basis used to calculate certain fees are outlined in further detail in Appendix 1A—Notice of Billing Practices.
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