To assist listed issuers during these difficult market conditions, Toronto Stock Exchange and TSX Venture Exchange are extending certain measures granting temporary relief from some of their policy requirements, the exchanges said Thursday.

The temporary relief, which was put in place in November 2008, will remain in effect until Sept. 30, 2009.

TSX has extended the remedial review period for delistings from a maximum of up to 120 days to up to 210 days.

TSXV’s temporary relief measures include: adding flexibility in how existing continued listing requirements are applied to listed issuers; extending the time within which Capital Pool Companies can complete their qualifying transactions, and allowing the minimum issuance price per security in certain transactions to be less than 5¢, but not less than the market price.

Additional details on the temporary relief measures for both exchanges can be found on the TSX website.

IE