CSE Sees Record New Listings & Significant Trade Volumes
TORONTO, ONTARIO -- (Marketwired) -- 07/08/14 -- The Canadian Securities Exchange ("CSE") is pleased to announce that a record thirteen new companies listed with the CSE in the month of June. The previous record, ten listings, was set in December, 2010. Trading activity on the exchange during the month was the third best ever, both by share turnover and value traded measures: more than 257 Million shares changed hands with a value exceeding $68 Million. “We are dedicated to lowering the costs of Canadian public capital for entrepreneurs” comments CEO Richard Carleton. “We are delighted that so many companies are taking advantage of our listing services, and that their securities are finding a growing audience among investors,” he adds.
June 2014 Highlights:
The CSE welcomed 13 new issuers in the month of June. These included:
• Lornex Capital Inc. - LOM
• West Point Resources Inc. - BLO
• Helius Medical Technologies Inc. - HSM
• Lions Gate Metals Inc. - LGM
• Appia Energy Corp. - API
• GoviEx Uranium Inc. - GXU
• Chlormet Technologies Inc. – PUF
• Murchison Minerals Ltd – MUR
• Mazorro Resources Inc. - MZO
• Orca Touchscreen Technologies – OAA
• BlackIce Enterprise Risk Management - BIS
• Highmark Marketing Inc. – HMK
• Big Rock Labs Inc. - BLA
In addition, one issuer, Sunorca Development Corp completed a fundamental business change during the month upon the acquisition of Wildflower Marijuana Inc.
For the first six months of the year, the CSE has listed 35 new issuers, and is on pace to comfortably exceed 2013’s record 37 companies. Trading volumes have already exceeded 2013’s previous record levels.
“The continued success that CSE is experiencing is further proof that there is in fact a much needed alternative in the Canadian capital markets”, added Akthem Sumrain, Managing Director of Listings Development. “We are deploying the needed resources and as a result, are developing a much larger footprint within the capital markets Canada-wide”.
About the Canadian Securities Exchange:
The Canadian Securities Exchange is the only exchange in Canada providing trading and market information services for all domestically listed instruments. Recognized as an exchange by the Ontario Securities Commission in 2004, the CSE is designed to facilitate the capital formation process for public companies through a streamlined approach to company regulation that emphasizes disclosure and the provision of efficient secondary market trading services for investors. The exchange is home to more than 230 issues covering a broad range of industry sectors.
Richard Carleton, CEO
James Black, VP Listings Development
Akthem Sumrain, Managing Director Listings Development