News Release

Vancouver –TSX and TSX Venture companies based in British Columbia will hear how they can raise capital faster at less cost through a new disclosure system proposed by the B.C. Securities Commission.

The Canadian Listed Company Association is hosting a free workshop Friday, December 13 at the Terminal City Club. As part of the breakfast event, John McCoach, the new TSX Venture vice-president of Corporate Finance, will provide closing remarks.

BCSC Vice-Chair Brent Aitken and members of his deregulation project team will introduce company directors, officers and advisors to the commission’s proposal for a Continuous Market Access (CMA) system. CMA would replace the current prospectus-based system public companies now use to raise money from investors.

Findings from the recent BCSC cost-benefit survey of TSX And TSX Venture companies will also be presented.

“Our national survey of public companies shows that a continuous market access system can deliver better disclosure to investors at a lower cost to companies than is possible with the prospectus system,” said Aitken. “Companies would save as much as $170-million in capital-raising costs over a five-year period under the CMA system.”

The BCSC New Proposals for Securities Regulation and the cost-benefit analysis, “Better Disclosure, Lower Costs” are posted on the commission website at www.bcsc.bc.ca/bcproposals [Link no longer operational]