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For Immediate
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01/03 |
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CONTACT:
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February
21, 2001 |
Donna
Pincott |
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Communications
Director |
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Canadian Venture
Exchange |
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Tel: 1-877-884-CDNX |
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Penny spreads take
effect on CDNX
CALGARY, AB (February 21,
2001) The Canadian Venture Exchange (CDNX) will
begin trading all stocks in penny increments effective Monday, Feb. 26. This replaces the
current system of trading CDNX listed stocks over $5 in nickel increments.
"By implementing penny spreads across the
board, CDNX helps ensure a harmonized policy in the North American marketplace," said
Marc Foreman, CDNX Vice-President of Trading.
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Headquartered in Calgary, the Canadian
Venture Exchange (CDNX) is Canadas public venture capital marketplace providing
emerging companies with access to capital while offering investors a well-regulated market
in which to make venture investments. CDNX listed companies are active in the mining, oil
and gas, manufacturing, technology, financial services and other sectors. The exchange
also has offices in Vancouver, Winnipeg and Toronto.
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