Changes To Capital Pool Company (CPC) Program - Corporate/Commercial Law
To print this article, all you need is to be registered or login on Mondaq.com. 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 c...
Source: mondaq.com