The Canadian Venture Exchange (CDNX) reports strong market activity through December 31, 1999. Operational since November 29, 1999, CDNX’s first full month of trading saw the volume of shares traded surpass one billion, and the value of those shares reach $1 billion.

Trading averaged 50 million shares valued at $48 million per day during December, reaching a high of 74 million shares valued at $100 million on December 10.

Technology stocks represented half of the value of shares traded on CDNX during the month of December, while mineral exploration companies accounted for the largest share of trading by volume at 36 per cent.

Of the 2,358 companies listed as of December 31^st, 959 are mineral exploration companies, 336 oil & gas related, and 246 technology sector companies. Seventeen companies have listed with the Exchange in December, bringing the total number of new listings for 1999 to 20.

The CDNX Index added 352 points or 18 per cent to its value during the month, closing at 2337.45 on December 31.

"We are pleased and excited by the market response to our opening," stated Bill Hess, CDNX President and CEO. "We look forward to a very busy 2000, with new programs and expanding operations, including the opening of our Toronto office," he continued.

The Canadian Venture Exchange was created to provide a strong, well-regulated market for emerging businesses. CDNX represents one of Canada’s three specialized exchanges, complementing the Toronto Stock Exchange – home to the senior equities market, and the Montreal Exchange – the market for derivative products.

For more information about the Canadian Venture Exchange, please visit its website at www.cdnx.com.

- 30 -

Back to Index of News Releases