The CDNX Index closed at 3295.45 on July 31, a
decrease of five per cent from June. However, it stills enjoys a 41 per cent increase from
December 1999, where it ended the year at 2337.45. The technology index led with a decline
in July of eight per cent, followed by the oil & gas index, which lost three per cent
and the mining index, which was down fractionally. From December 1999 to July 31, however,
the technology index is up almost 43%, oil & gas is up 89% and mining is up 98%.
The exchange added 14 new listings last month, for a total of 93 new
listings so far this year. They were: Intrinsic Capital Inc.; Pacific Cascade Resources
Corp.; Guodong Capital Corp.; Bay Equities Inc.; Saturn Ventures Inc.; Mountain Boy
Minerals Ltd.; Advanced Sensing Systems Inc.; Almo Capital Corp.; Belltech Ventures Ltd.;
Norstar Ventures Corp.; Diversaflow Corporation Ltd.; New Xavier Capital Corp.; Trinity
Ventures Ltd.; and, Inter-Rock Minerals Inc.
July saw five qualifying transactions for a total of 47 so far this
year, and four reverse take-overs (RTOs), bringing the total number of RTOs for 2000 to
15.
The Canadian Venture Exchange (CDNX) was launched in November
1999 with some 2,300 listed companies active in the technology, resource, industrial and
manufacturing sectors. As the country’s venture capital marketplace, CDNX provides
emerging companies with improved access to capital while providing investors with a
well-regulated market in which to make venture investments.
