Spread requirement  |
|
|---|---|
| Rule: | IIA 3.9 |
| Date Requested: | Monday, June 4, 2012 |
| Requested By: | Companies Manager |
| Date Approved: | Friday, June 8, 2012 |
| Approved By: | Compliance Committee |
| Issuer: | TCB |
| Securities: | TCB |
| Description of Rule: | An issuer must have at least 50 shareholders |
| Waiver Requested: | With the fall in share price, TCB now has less than 50 shareholders with at least $2,000 of securities |
| Effect of Waiver: | Taking into account the circumstances and the migration of the company from SIM VSE's BSX market to NSX, the requirement was waived. |