CDNX Opens Winnipeg Office
CNDX integrates Winnipeg
stock exchange operations
CALGARY, AB (November 23, 2000)—
Monday marks the first day of trading on the Canadian Venture
Exchange (CDNX) for approximately 22 companies previously listed on the Winnipeg Stock
Exchange (WSE). The integration of the WSE is another step in securing CDNX’s status
as a national stock exchange for venture capital securities.
WSE companies that made application to CDNX will
move off the WSE following market close Friday, Nov. 24, and will commence trading on the
CDNX Monday, Nov. 27.
"The integration of the operations of the WSE as a new Winnipeg
office of CDNX furthers our goal of providing local access and input to CDNX from all
regions of the country," said Bill Hess, CDNX President and CEO. "Encouraging
active regional participation in CDNX encourages broader investor participation and
provides entrepreneurs in each region with access to a broader pool of public venture
capital."
The acquisition of the WSE companies follows on the heels of the Oct. 2
integration of over 200 largely Ontario-based Canadian Dealing Network companies to CDNX.
"There’s no question these new CDNX companies will benefit
from the enhanced credibility and visibility that comes with the national profile of
CDNX," said Kevin Strong, former WSE Manager, Marketing and Operations and new CDNX
Manager, Winnipeg office.
CDNX is Canada’s national exchange for venture class securities, specializing in
providing a public forum for emerging companies to raise capital and preparing them for
graduation to more senior markets. As North America’s only regulated public 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. |
