Due to customer demand, CNSX Markets Inc. has extended its initiative to enable companies already listed on another Canadian stock exchange to switch to CNSX, the exchange said Monday.

As an incentive to switch, CNSX originally offered these companies a reduced initial listing fee of just $2,000 for all applications received on or before March 31. The standard CNSX initial listing fee is $10,000.

Based on the level of interest and the fact that some companies could not meet the original deadline for applications, this incentive pricing has now been extended to all applications received on or before June 30.

“The enthusiastic response from listed companies seeking to switch to CNSX illustrates the superior value proposition of being listed on the Canadian National Stock Exchange,” says William Woods, managing director.

“CNSX’s modern and effective regulatory regime saves considerable costs in terms of management’s time, exchange fees and related costs,” Woods adds. “In difficult market conditions, the CNSX advantage can be the critical factor that enables a company to stay listed and build shareholder value by allowing management to seize new opportunities without undue delay.”

CNSX has posted on its website (www.cnsx.ca) a memorandum entitled “Switching your Listing to CNSX” to assist companies in understanding how easy the process of switching a listing is, and to highlight the low fees involved. A switch can take as little as 15 business days to complete.

IE