Stop Predatory
Short Selling

In 2012 IIROC and CSA removed a trading rule known as the “tick test”, which restricted short selling to neutral or sales to positive price changes at the time of the sale. These changes were applied not only to the main listing venue of TSX Venture Exchange, but are equally applied across all Canadian trading venues, of which there are 14 today, reducing TSX Venture’s ability to effect any change. Since removal of the tick test, the Canadian markets have evolved, and there now exists a dynamic where short selling activities, high frequency trading, and algorithms are exploiting the lack of a tick test to the detriment of Canada’s junior markets. We call on CSA and IIROC to evaluate re-instituting the tick test.

Save Canadian Mining is a movement to return market rules to the fair and transparent standard that helped deliver prosperity for over 142 years. Together, we can save Canadian mining.

Fact #1

Mining financing has been on a steady decline since this rule change happened (specifically looking at Chart 2.4 on page 16 and Chart 3.1 here on page 26).

While commodity markets have been challenged, the combination of 14 different trading venues, and elimination of the tick test has created an environment that is difficult for TSXV issuers to build support of predominately retail shareholders who feel that algorithms are able to get "an inside track".

Fact #2

Oreninc's index demonstrates that this lack of financing activity is also contributing to a divergence between commodity prices, and the equities of junior commodity companies as junior companies have been unable to finance and continue exploration.

Fact #3

Canada's resources markets are world leaders by share of number of listed companies, number of financings, dollar value raised, and ethical standards. The removal of the tick-test, and creation of alternative trading markets is something that many other jurisdictions have done, and this is an opportunity for Canada to lead in supporting junior markets through our globally unique platform, the TSX Venture Exchange by re-instituting the tick test and allowing TSX Venture issuers to trade on their home market only (the TSXV).

Defend Your Investments: Black Friday Short Selling Emergency Session

Who's On Board

Started by our founding team we are now launching our initial drive within the industry to key companies and individuals to request they join the cause. You, the first 100 Companies and Individuals, will join us as Founders and we will reface this portion of the site for broader dissemination to the mining industry and the public at large. You will play a critical role in proving to the government and regulators that we are a determined force who want to save our industry and preserve it for future generations.

Founding Team

Terry Lynch

Eric Sprott

Sean Roosen

6ix

Osisko Gold Royalties

Daniel Barankin

Bianca Pisciola

Rob McEwen

Pendry Cannon

Stosic & Associates

Keith Neumeyer

CoFounders

What does that mean?

It means companies and individuals will be asked to do three things

Contribute capital to help fund initiative

Post link on their site- this links users to Save Canadian Mining where we explain the cause and ask for help in building the coalition of people, companies and capital to insure we meet our objectives.

Publicize their name on our who’s on board page. As our list of contributors grows so will our voice with governments.

Donate to help us prevent predatory short selling and keep up to date with our progress.

Add your name to this petition against predatory short selling, and to stay up to date with our progress

Use of Proceeds

Government consultants and advertising agencies and staff to support the cause cost real money. Terry Lynch, the initial founder of the movement is not being compensated nor will he be. Cash will be used to engage our cause with the right government and business officials and to insure we maximize our chance at achieving our goals.

It will also be used when appropriate to create exposure in a timely fashion of the cause and to secure research supportive to the cause. Capital in excess of that needed to achieve our objectives will be used to fund scholarships in mining fields in leading universities across Canada.

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