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| For Immediate
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| CONTACT:
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September 6, 2000 |
| 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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CDNX
Index up 7% in August
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CALGARY, AB — The Canadian
Venture Exchange (CDNX) Index gained ground in August, closing at 3513.08, up seven per
cent on the month and up 50 per cent this year-to-date. The oil & gas index led all
sectors with a 12 per cent gain during the month, followed by the mining index up nine per
cent and the technology index with an increase of seven per cent.
Other market activity measures also turned around from July with the
volume of shares traded up seven per cent to 744 million during the month, and
transactions rising three per cent from July levels to 207,221. The value of shares,
however, eased by five per cent to $629 million.
There were 19 new listings in August, 10 of which were capital
pools, bringing the total to 112 new listings during the first eight months of 2000. They
were: Coniagas Resources Ltd.; Winfield Resources Limited; Blackwell Capital Corp.; Trans
Hex International Ltd.; New Media Capital Inc.; Copacabana Capital Limited; Transcend
Capital Corporation; Venstone One Capital Corp.; C-Com Satellite Systems Inc.; Tetratel
Inc. Corp.; EKZ Investments Ltd.; CST Coldswitch Technologies; R.M.P. Developpements Inc.;
Manson Creek Resources Ltd.; Tyler Resources Inc.; Red Lantern Corporation; French Riveria
Capital Inc.; Asean Cybernetics Inc.; and, Colony Pacific Explorations Ltd.
Five capital pool qualifying transactions were completed during
August for a total of 52 so far this year. There were no reverse take-overs during the
month.
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For more information, contact:
Donna Pincott, Director
Corporate Communications
(Toll-free) 1-877-884-2369
(Office) 403-974-7436
E-mail: dpincott@cdnx.com
For more information, please visit the Exchange’s website
at www.cdnx.com.
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