CDNX Listed Companies Continue to Graduate

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For Immediate Release		02/01

CONTACT:		January 17, 2002

Shane Quinn
CDNX Media Relations & Publicity
Tel: 1-877-884-CDNX

CDNX-listed companies continue to graduate in slower markets

January 17, 2002 (TORONTO) --CDNX continued to serve as an important channel to the senior markets, with 26 companies graduating to the TSE in 2001. The average share price of these graduates increased 28 per cent in the year prior to graduation (from $1.88 to $2.41).

"A key measure of CDNX’s success is its graduates," said Gerry Romanzin, CDNX Executive Vice President. "Companies listed on CDNX not only raise capital, but also learn how to manage a publicly traded company before they move up to the senior markets."

Financing activity reflected the pace of the overall markets, with a 54% decline over 2000. Equity financings for 2001 totaled $1.08 billion compared to $2.37 billion the year before.

"This decreased activity reflects the softening of the markets overall last year, following the unprecedented growth of 2000," said Romanzin. "However, $1 billion in financing raised by emerging companies represents a vital contribution to the Canadian economy, particularly in the current economic climate."

CDNX financings showed a move away from technology towards oil & gas and mining issuers. The oil and gas sector accounted for 24 per cent of the capital raised during the year, while technology represented 29 per cent, mining 21 per cent and other sectors 26% of total financings.

CDNX continued with its growth strategy by acquiring 108 junior equities from the Montreal Exchange. These Quebec based companies now benefit from local access to a national venture market. A total of 277 new listings joined CDNX in 2001.

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, Toronto and Montreal. CDNX is part of the TSE group of companies, which includes the Toronto Stock Exchange (TSE), CDNX and TSE CDNX Markets Inc.

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