Canadian Venture Exchange
  
<% Dim sSiteSection sSiteSection = "News" %>
What's New
<%Session("Language") = "ENGLISH"%> " Response.Write "

<%if sSiteSection = "Home" then%> CDNX Home PageCDNX Home Page<%else%>CDNX Home PageCDNX Home Page<%end if%> <%if sSiteSection = "Map" then%>Site MapSite Map<%else%>Site MapSite Map<%end if%>
<%if sSiteSection = "Search" then%> Search for securities information and for keywords on the CDNX websiteSearch for securities information and for keywords on the CDNX website<%else%> Search for securities information and for keywords on the CDNX websiteSearch for securities information and for keywords on the CDNX website<%end if%><%if sSiteSection = "Contact" then%>Contact informationContact information<%else%>Contact informationContact information<%end if%><% ' dim sProtocol ' dim sTargetASP ' dim sButtonString ' dim arKeys sFullFileName = Request.ServerVariables("HTTP_URL") iPeriodPos = Instr(sFullFileName, ".") iStrLen = Len(sFullFileName) sExtension = Right(sFullFileName, iStrLen - iPeriodPos + 1) if left ( sExtension, 4) = ".htm" OR _ left ( sExtension, 5) = ".shtm" OR _ left ( sExtension, 5) = ".html" then Response.Write "
" Response.Write "Naviguez le site CDNX en français" Response.Write "
" else if UCase(Request.ServerVariables("HTTPS")) = "OFF" then sTargetASP = "http" else sTargetASP = "https" end if sTargetASP = sTargetASP & "://" + Request.ServerVariables("HTTP_HOST") + Request.ServerVariables("HTTP_URL") if (Session("Language") = "ENGLISH") then sButtonString = "Version française" else sButtonString = "English version" end if Response.Write "
" Response.Write "" Response.Write "Naviguez le site CDNX en français" Response.Write "Naviguez le site CDNX en français" Response.Write "" Response.Write "
" Response.Write "
" for each Item in Request.Form if not (Item = "Language") then if (Request.Form(Item).Count) then for i = 1 to Request.Form(Item).Count Response.Write ("") next end if end if next 'toggle the language if (Session("Language") = "ENGLISH") then Response.Write "" else Response.Write "" end if Response.Write "
" Response.Write "" Response.Write "
" end if %> <%if sSiteSection = "UsingCDNX" then%>How to use the cdnx.com web siteHow to use the cdnx.com web site<%else%>How to use the cdnx.com web siteHow to use the cdnx.com web site<%end if%>
<%if sSiteSection = "Investing" then%> Information for investors of CDNX-listed companiesInformation for investors of CDNX-listed companies<%else%>Information for investors of CDNX-listed companiesInformation for investors of CDNX-listed companies<%end if%>
<%if sSiteSection = "Listing" then%> Information on listing your company on CDNXInformation on listing your company on CDNX<%else%>Information on listing your company on CDNXInformation on listing your company on CDNX<%end if%>
<%if sSiteSection = "About" then%> Information on the Canadian Venture Exchange, including careersInformation on the Canadian Venture Exchange, including careers<%else%>Information on the Canadian Venture Exchange, including careersInformation on the Canadian Venture Exchange, including careers<%end if%>
<%if sSiteSection = "Members" then%> Information FOR and ABOUT our Member FirmsInformation FOR and ABOUT our Member Firms<%else%>Information FOR and ABOUT our Member FirmsInformation FOR and ABOUT our Member Firms<%end if%>
<%if sSiteSection = "News" then%> Get the latest News Releases and CDNX Event information hereGet the latest News Releases and CDNX Event information here<%else%>Get the latest News Releases and CDNX Event information hereGet the latest News Releases and CDNX Event information here<%end if%>
<%if sSiteSection = "Careers" then%> Information on positions currently available at CDNXInformation on positions currently available at CDNX<%else%>Information on positions currently available at CDNXInformation on positions currently available at CDNX<%end if%>
<%if sSiteSection = "Disclaimer" then%> Click here to read our disclaimerClick here to read our disclaimer<%else%>Click here to read our disclaimerClick here to read our disclaimer<%end if%>


 

CDNX introduces policy changes to provide relief for public venture issuers and investors

 

October 31, 2001-Public venture market issuers and investors are receiving some relief from slumping market conditions with three policy changes introduced by the Canadian Venture Exchange (CDNX) this week. Changes have been made to the Short Form Offering document, Private Placements and Capital Pool Company (CPC) program.

Companies wishing to make a public offering of free-trading securities in Alberta or BC, under specified conditions, can use a Short Form Offering document in place of a longer, more costly prospectus. The Short Form has been available to CDNX issuers in BC and, effective immediately, is now available in Alberta. The maximum financing limits under the Short Form have been increased from the former $1million under the BC program to $2million.

CDNX issuers can now carry out a Private Placement at a minimum price of $0.05 per share, under specified conditions, which is a decrease from the previous minimum of $0.10 per share. This change can also benefit investors. Under old rules, issuers can trade Private Placement shares at a maximum 25 per cent discount, to the applicable market, to a minimum of $0.10 per share. This change is an interim measure that will be in effect until December 31, 2002.

CPCs listed on CDNX also have new options available, also on an interim basis, to assist with the completion of their Qualifying Transaction. Effective Nov. 1, CPCs can combine with one or more CPCs to complete a proposed, identified Qualifying Transaction. Alternatively, a CPC may combine with an existing public company to complete its Qualifying Transaction.

"During these difficult times, we hope these changes will create more opportunities for companies to raise capital through the public venture market," says Gerry Romanzin, Executive Vice-President, CDNX Corporate Finance. "We also recognize that market conditions have been difficult for investors and these changes are intended to provide issuers with greater financing opportunities."

For details on the CDNX Corporate Finance policy changes noted above, please click on the link to the CDNX website below.

http://www.cdnx.com/Top/PDF/policy english-french.pdf

 

 

 

 

 

 

 

 
Right Navigation
Lead Stories
CDNX News Releases
Archives
Executive Speeches
Schedule of CDNX Events

Canadian Venture Exchange

© Canadian Venture Exchange 2001
information@cdnx.com | Legal