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The TSX Venture Exchange ( TSXV ) recently made
changes to its Capital Pool Company ( CPC ) program.
The CPC program is exclusively offered by the TSXV and provides an
alternative way for an operating business to list its shares on
such exchange. The CPC, being a financing vehicle with no assets
other than cash and no commercial operations, is created by
experienced corporate directors and completes an initial public
offering (an IPO ) to raise funds. After its IPO, the
CPC then seeks to complete a transaction with an operating business