fully reporting in at least one province in Canada,
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 trade-able 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.