The “Canadian National Stock Exchange”, better known as “the CNSX” is an additional Canadian stock exchange that few companies and investors were aware of. However, that lack of awareness is changing as the CNSX is developing its own niche and expanding faster than we expected! At the latest count, it has over 180 companies listed for trading on its totally automated market system. Above all, we find it as an appealing alternative for some companies presently listed on other more expensive exchanges as well as companies considering being listed for the first time.
The CNSX offers companies simplified listing and reporting requirements with limited obstacles to becoming a listed publicly traded company. It has proven itself as an ideal alternative and is exceptionally cost effective for small cap, micro-cap and emerging companies. For the many “junior mining companies” we believe that it is the “best place to start.”
Some key costs merit attention. The Total Cost for listing is $12000! The Monthly maintenance fee is only $500. Moreover, there are no filing fees and no transaction based fees. By the way, press releases are free as well. A company is not “nickled and dimed” by fees when it issues information to the investing public.
As well, the CNSX system is available on most trading sites. What we also find compelling is that all the bids and offers at any time are available free to investors. Level Two Market Depth on either side of the market that may be giving extra insight is available to all. That’s a real plus.
The bottom line for us is that The CNSX is not for every company, but it certainly is for many of them.