CNSX Markets Inc. says that it is extending a discount on initial listing fees in order to entice issuers to list on the exchange, adding that a recent investment in the firm by Ned Goodman has boosted interest in its market.
The firm, which operates the Canadian National Stock Exchange, announced that companies that apply to switch their listing to CNSX through December 6 will receive a 60% discount off the fees charged to new CNSX applicants. The fee reduction brings the price of an initial listing on CNSX for qualified companies down to $5,000, it notes.
“The discount plan encouraged a number of companies to apply to switch their listing to CNSX,” noted Richard Carleton, CEO of CNSX, adding that the investment by Dundee Corp. in the firm, and the appointment of Dundee founder, Ned Goodman, as deputy chairman of the board at CNSX, “has accelerated interest in joining our issuer list.”
“To capitalize on the momentum, and to provide relief for entrepreneurs struggling to make ends meet in these challenging times, we are pleased to extend this helping hand to qualified public companies,” Carleton said.