EXT maintains corporate governance standards consistent with Nasdaq requirements.  Click below to access our committees, charters, and policies.

Purpose of policy

The purpose of the Continuous Disclosure Policy is to establish a process by which the Corporation can promptly identify and, if required, disclose relevant information to the market. 

Identification of relevant information

The Governance Committee has responsibility for making decisions about what information is to be disclosed, in accordance with Securities and Exchange Commission (the “SEC”) rules and regulations and rule and requirements relating to listing and sale of securities on the various exchanges on which the securities of the Corporation are traded from time to time. 
The Chief Executive Officer shall appoint one or more officers to be responsible for and to co-ordinate the collection of price sensitive information concerning the Corporation, and promptly passing it on to the Governance Committee.  Employees must not prejudge whether information may be material, but must pass on any information which they become aware of to such disclosure officer for assessment.  Guidelines have been prepared by the Governance Committee as to what type of information concerning the Corporation may need to be disclosed.

Disclosure of information

All information disclosed to the SEC should also be placed on the Corporation's website.  Information provided to SEC or any exchange will not be released to other parties until the Corporation receives formal confirmation from the SEC or such exchange.  The Corporation has a policy of not responding to market speculation and rumors.  However, there may be times when it is necessary to release a statement or information.  The Governance Committee is responsible for determining the statement or information to be released.  The Regulation FD promulgated by the SEC, as amended from time to time, shall be deemed a minimum standard for compliance as to matters of disclosure at all times.

Breaches of policy

Employees are expected to strictly comply with the Continuous Disclosure Policy and breaches will be subject to disciplinary action, up to and including dismissal.  In the event of a breach, the Corporation shall have the right to seek a trading halt or other remedy with the SEC which trading halt or other remedy may only be sought by joint action of consent of the Governance Committee together with wither the Chief Executive Officer or the Chief Financial Officer.