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For Immediate Release

01/03


CONTACT:

February 21, 2001

Donna Pincott
Communications Director
Canadian Venture Exchange
Tel: 1-877-884-CDNX

 

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.

 

 

Headquartered in Calgary, the Canadian Venture Exchange (CDNX) is Canada’s 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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