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Reverse Take-Over
Another way to list your company is through a reverse take-over (also known as a back door listing or reverse merger) of an issuer already listed on Toronto Stock Exchange (TSX) or TSX Venture Exchange. This can be done in a number of ways, including an amalgamation or issuance of shares in exchange for other shares or assets of the issuer.
You will need the help of your company's sponsor, lawyer and auditor to find a suitable candidate for a reverse takeover. The company resulting from the RTO must meet the original listing requirements of TSX or TSX Venture, and must submit to an approval procedure similar to that of an original listing application.
The NEX board, managed by TSX Venture, provides the potential for an additional source of listed shell companies. This allows shareholders of a private company to merge with an issuer that has no substantial business activity.
