MARKET ACTIVITY/TRADING NOTES FOR DAY ENDING WED., JANUARY 7, 1998 (1)
ALBERTA STOCK EXCHANGE 1997 INFORMATION
JANUARY 6, 1998
RE: ASE 1997 Annual Press Release
CALGARY, ALBERTA--During 1997 the Alberta Stock Exchange ("ASE")
continued to grow. There were 219 new companies listed on the ASE
in 1997 bringing the total number of listed companies to 999.
- Total trading volume for the 1997 year decreased by 4 percent
to 3.9 billion shares as compared to 4.1 billion shares in 1996.
Total trading value for the 1997 year decreased by 35 percent to
$3.87 billion from $5.97 billion in 1996.
- Average daily trading volumes increased to 15.7 million shares
per day down from 16.2 million per day in 1996. The average daily
trading value decreased to $15.4 million per day as compared to
$23.6 million per day in 1996.
- The average daily number of issues traded in 1997 was 484 as
compared to 424 in 1996, a 14 percent increase. On October 28,
1997, 583 issues traded, a new record.
- The average daily number of transactions in 1997 decreased by
14 percent to 4,010 as compared to 4,667 for 1996.
- In 1997 new companies choosing to list on the ASE increased by
36 percent to 219 as compared to 161 in 1996.
- There were 999 companies listed on the ASE at December 31, 1997
as compared to 874 at the end of 1996.
- In 1997, ASE listed companies raised $1,378.1 million in
financing as compared to $851.8 million in 1996. Of this total
$146.7 million was raised through initial public offerings and
$1,231.4 million from secondary financings. In 1996, $103.9
million was raised through initial public offerings and $747.9
million from secondary financings.
- During 1997, 25 ASE companies listed on The Toronto Stock
Exchange as compared to 23 companies during 1996.
- There were 56 member firms at December 31, 1997 as compared to
53 as at the end of 1996.
- The ASE index at December 31, 1997 was 2,239.86 as compared to
2,580.10 at the end of 1996.
Here are the statistical highlights for 1997.
Highlights
----------
Percent
1997 1996 Change
---- ---- -------
Share Value ($) 3,872,186,592 5,971,905,202 -35
Share Volume (shares) 3,929,037,681 4,102,536,878 -4
Average Daily Number
of Transactions 4,010 4,667 -14
Average Daily Number
of Issues Traded 484 424 +14
New Listings 219 161 +36
Number of Companies
Listed at December 31 999 874 +14
Number of Issues Listed
at December 31 1,106 984 +13
Index, at December 31 2,239.86 2,580.10 -13
Financings:
ASE Listed Companies
($ million) 1,378.1 851.8 +62
ASE/TSE Interlisted
Companies ($ million) 1,352.3 2,149.0 -37
Ten Year Summary
----------------
Share Volume Dollar Value $ Number of Trades
------------ -------------- ----------------
1997 3,929,037,681 3,872,186,592 1,002,439
1996 4,102,536,878 5,971,905,202 1,180,676
1995 2,550,820,395 3,370,664,562 633,155
1994 2,236,066,664 2,226,739,461 561,652
1993 2,227,655,376 2,139,312,174 565,583
1992 867,926,479 980,020,100 214,467
1991 678,091,235 566,876,938 150,849
1990 663,243,450 620,855,188 178,649
1989 755,075,235 742,265,963 242,522
1988 693,919,324 461,385,053 271,799
Listed Companies
----------------
At year end 999 companies were listed on the ASE.
Percent
325 Industrial Companies 33
260 Oil & Gas Companies 26
174 Mining Companies 17
149 JCP Companies 15
65 TSE Interlisted Companies 7
26 Suspended or Halted 2
--- ---
999 100
--- ---
--- ---
TRADING & LISTING STATISTICS
----------------------------
Percent
1997 1996 Change
---- ---- -------
Equity Trading
--------------
Share Volume (shares) 3,929,037,681 4,102,536,878 -4
Share Value ($) 3,872,186,592 5,971,905,202 -35
Trading Averages (250 days)
---------------------------
Daily Volume (shares) 15,716,150 16,215,560 -4
Daily Value ($) 15,488,746 23,604,368 -35
Daily Transactions 4,010 4,667 -14
Daily Number of
Issues Traded 484 424 14
Volume per Transaction 3,920 3,475 13
Value per Transaction $3,863 $5,059 -24
Price per Share $0.99 $1.45 -32
New Listings
------------
JCP 145 100 +45
Industrial 31 27 +15
Oil & Gas 30 17 +76
Mining 13 17 -24
--- ---
TOTAL 219 161 +36
--- ---
Delistings
----------
Failure to Maintain
Listing Requirements 39 34 +15
Request of Company 32 32 0
Mergers, Reorganizations, etc. 23 18 +28
--- ---
TOTAL 94 84 +12
--- ---
Number of Companies Listed at Year End
--------------------------------------
As at January 1, 1997 874
New Listings 219
Delistings (94)
---
TOTAL 999
---
---
At year end 1,115 issues were listed on the ASE.
1,012 Common, Class A, Class B, etc.
64 Preferreds
21 Warrants
4 Debentures
2 Rights
2 Installment Receipts
1 Unit
-----
1,106 TOTAL
-----
-----
Financings
----------
1997 1996
($ millions) ($millions)
------------ -----------
Initial Prospectus Offerings:
Junior Capital Pool 36.5 26.8
Regular 91.4 62.8
Exchange Offering 18.8 14.3
---- ----
146.7 103.9
Secondary Financings:
Exchange Offering Prospectus 2.6 5.4
Prospectus Offerings 130.7 29.2
Rights Offerings 10.9 7.0
Private Placements
Common 805.6 567.8
Flow-Through Shares 103.5 52.2
Convertible Debt 178.1 86.3
----- -----
1,231.4 747.9
ASE Financings 1,378.1 851.8
TSE Interlisted Financings 1,352.3 2,149.0
------- -------
TOTAL FINANCINGS 2,730.4 3,000.8
------- -------
------- -------
Member Firm Changes
-------------------
As at December 31, 1997 there were 56 member firms, compared with
53 member firms as at last year end.
Membership changes during 1997 included:
- NEW ADMISSIONS:
- Taurus Capital Markets Ltd.
- Salman Partners Inc.
- Dominick & Dominick Securities Inc.
NEW LISTINGS
NAME SYMBOL DATE
---- ------ ----
A.O.G. Air Support Inc. ASP & ASP.WT August 27
AC Energy Inc. ACE May 30
Accel Financial Group Ltd. AFG June 27
AEC Pipelines L.P. ALB.IR April 9
Aegus Development Corporation AJS December 4
Alberta Hotels & Resorts Inc. AHH November 6
Alberta Star Mining Corp. ASC December 5
AltaQuest Energy Corporation AQF May 8
Altius Minerals Corporation ALS October 31
Amblin Resources Inc. AX April 2
American Wireless Corp. AWE May 30
Andina Development Corporation ADZ January 8
Anorak Capital Corp. AAK March 10
Applied Gaming Solutions
of Canada Inc. AGC & AGC.WT June 20
Applied Terravision Systems Inc. TER July 10
Aquilium Software Corporation AQQ December 22
Arctic Group Inc., The AGP & AGP.WT April 9
Arrival Energy Ltd. ARR.A & ARR.B July 18
ARV Corp. AV December 11
Ashdod Systems Ltd. ASN August 11
Augen Capital Corp. AUG April 25
Augusta Technologies Ltd. AUH September 23
Avid Oil & Gas Ltd. AVO.A August 15
Barra Resources Inc. BAO July 21
Bellevue Capital Corp. BVC May 14
Birka Capital Corp. BKA October 1
Bison Resources Ltd. BIS.A November 6
Blond Bear Holdings Inc. BB March 18
Bluebird Minerals Ltd. BBM April 11
Bolt Energy Ltd. BLT & BLT.WT July 8
Boom Capital Corporation BOO September 8
Boston Development Corp. BTN June 19
Bow Valley Forest
Products Limited BOV May 9
Braegan Energy Ltd. BNE October 2
Bramar Industries Corp. BRP November 6
Brialto Energy Corporation BTO.A April 24
Buchans River Ltd. BUV March 14
BW Technologies Ltd. BWT January 30
C.G.S. Technology Inc. CGV June 24
C.P.M. Technologies Inc. CPH February 6
Cabrillo Capital Corporation CBP January 10
CallDirect Capital Corp. CDQ September 25
Canadian Blackhawk Energy Inc. CBZ & CBZ.WT September 18
Canadian Hearing
Care Incorporated HEA November 28
Canadian Talon Resources Ltd. TAR June 18
CanBaikal Resources Inc. CBQ & CBQ.WT August 6
Canex Energy Inc. CXO.A July 23
Canop Worldwide Corp. CWC August 13
Cascade Metals Inc. CEM November 7
CDM Capital Corp. CDK November 4
Cell-Loc Inc. CLQ April 16
Cenco Technologies Corp. CTZ July 31
Cenpro Technologies Inc. CHZ April 10
Chelsea Mercantile Bancorp Ltd. CHS October 24
Chembond Limited CB September 22
Cherryhill Resources Inc. CHH December 16
Ciclo Capital Ltd. CIO October 15
Clifton Mining Company CFB February 6
Coachlight Resources Ltd. COO August 26
Command Capital Inc. CDT December 5
Commonwealth Assisted
Living Inc. CMH March 18
Commonwealth Energy Corp. CWY December 12
Control of Remote
Embedded Technologies Inc. COR September 15
Corker Resources Inc. CRK February 11
Cornerstone Innovations Inc. CIV January 30
Corniche Capital Inc. CNC November 28
Corridor Resources Inc. CDH November 7
Corsayre Capital Corporation COA May 12
Cyclonic Investments Corporation CYD.A August 5
Desco Resources Ltd. DR December 8
Descon Ventures Inc. DVE July 31
Destiny Resources Services Corp. DSC April 4
Edenbridge Corp. EBD April 15
Ellesmere Minerals Ltd. ELM April 16
Endless Energy Corp. EEC October 21
Enviropave International Ltd. EVP September 25
EXP Resources Ltd. EXP August 26
FAS International Limited FAS February 28
Faymar Capital Corporation FAY April 25
Finline Technologies Ltd. FIN January 30
First Labrador Acquisitions Inc. FLI January 23
Floron Food Services Limited FFS January 16
Flower Affairs Systems Corp. FAC September 8
FSFC Developments Inc. FSC June 10
Fytokem Products Inc. FYT September 5
Gateway Ventures Inc. GAT September 15
General Properties Ltd. GPL December 9
Gladiator Minerals Inc. GLM December 11
Global Commerce Development Inc. GQP August 8
Gold Butte Energy Inc. GBI July 3
Gold-Ore Resources Ltd. GOZ April 18
Greyhawk Oil & Gas Inc. GHK April 17
Guardian Bancorp Ltd. GUN May 28
Guess Capital Corporation GES January 3
Harrier Capital Corporation HRI June 11
Harvest Acquisition Corp. HAC May 30
Hawk Oil Inc. HWK.A & HWK.WT.A September 10
Herbtech Inc. HTK.A September 3
Horizon Capital Inc. HZN July 23
Icon Capital Corporation ICN April 2
Indio Ventures Inc. IOV September 24
International Hydrocarbons Corp. IHY June 10
International Properties
Group Ltd. IPX April 11
Interprovincial Satellite
Services Ltd. ISS January 29
Invader Exploration Inc. INX & INX.WT July 22
Inzeco Holdings Inc. IZE October 20
Ishtar Investments Inc. III April 8
ISI Ventures Inc. IV March 26
ITN Technologies Inc. ITO March 3
Jade Capital Corp. JCC October 23
Jett Investment Corporation JTT October 9
Kempton Capital Partners Inc. KCP September 8
Kintail Energy Inc. KTE November 12
L.I.F.T. Systems Inc. LFT April 15
Landis Mining Corporation LIS May 27
Lavco Inc. LVI September 25
Liberty Mineral Exploration Inc. LBE October 16
Locksley Capital Partners Inc. LOX June 25
Longboat Capital Corp. LGB July 7
Los Gauchos Capital Corp. LG June 6
Loyalist Insurance
Group Limited, The LOY June 13
Luxell Technologies Inc. LUX April 10
Mad Jack Holdings Ltd. MDJ October 7
Madenta Communications Inc. MA October 17
Malaspina Capital Ltd. MLA May 5
Mark's Market Corp. MLI January 30
Marksmen Resources Ltd. MRX.A October 31
Maxwell Oil & Gas Ltd. MWL May 12
McVicar Minerals Ltd. MVR May 30
Monterey Energy Corp. MOE August 11
Mount Hope Resources Corp. MH April 10
Mountain World
Entertainment Ltd. MWE September 25
Moxie Petroleum Ltd. MOX December 31
Nation Wide Resources Inc. NWR October 23
Navigator Exploration Corp. NVR December 10
Netalco Corporation NEO April 22
Nevarro Energy Inc. NEE December 12
Newbridge Resources Ltd. NBR March 13
Nextron Corporation NXT March 17
Northern Glacier Resources Inc. NGR January 6
NRI On-Line Inc. NDA & NDA.WT December 8
Orovista Resources Ltd. ORC November 7
Out West Entertainment Ltd. OUT October 16
Oyama Industries Ltd. OYA June 6
Pacific North West Capital Corp. PFN December 19
Pacific Ranger Petroleum Inc. PAI June 9
Pacific Star Resources Corp. PAF November 13
Palmetto Resources Ltd. PMO January 16
Pancontinental Marketing Corp. PM September 23
Partyco Holdings Ltd. PHL May 14
PatCall Inc. PCL September 11
Pheasantback Resources Inc. PHI August 18
Position Inc. PZN April 30
Process Capital Corp. POR April 11
Progress Energy Ltd. PGY.A & PGY.B December 30
Protector Industries Ltd. PTO March 26
Provenor Inc. PVN April 23
Pyramid Energy Inc. PYI April 25
Pyroil Resources Inc. PYR February 6
Q Energy Limited QE September 29
Quick Fire Venture
Capital Corporation QFV July 2
Rajong Resources Ltd. RAJ June 5
Rapidfire Resources Ltd. RPF & RPF.WT March 19
Red Raven Resources Inc. RVN November 25
Redeco Energy Inc. RE December 31
Reliance Energy Inc. RLA June 3
Request Seismic Surveys Ltd. RSH & RSH.WT October 9
RJZ Mining Corporation RJZ June 3
Royop Properties Corporation RYP July 24
Safe Harbour Capital Ltd. SHB February 28
Samson Technologies Inc. SAZ October 10
Sator Capital Inc. LWT January 23
Serval Growth Fund SI.UN & SI.RT May 23
Shaw's Industrial Corporation SHE April 14
Simbud Capital Corp. SBC November 20
Sinetec Holdings Corporation SIO September 16
Skookum Mining Limited SKO December 23
Skygold Ventures Ltd. SKV June 19
SNG Telecom Inc. SOM March 14
Sparling Capital Corporation SAC December 31
Standard Mining Inc. SMJ August 6
Stealth Mining Corporation SAL May 29
Stonepoint Group Limited SP September 16
Storage One Inc. SOJ & SOJ.WT October 9
Summerwood Industries Inc. SWI March 18
Sur American Gold Corporation SUR February 18
Syner-Seis Technologies Inc. SYN May 21
Talmora Resources Inc. TAI September 15
Talon Petroleums Ltd. TAP June 24
Taparko Capital Corp. TPK July 2
TB Advisors Inc. TBH November 28
TBC Investments Inc. TBI January 10
Temba Resources Ltd. TMB February 4
Tier One Energy Corp. TO.A & TO.WT.A March 6
Torrent Capital Corp. TTP April 17
TransGlobe Energy Corporation TGL & TGL.S July 7
Transpacific Minerals Inc. TRF August 19
Trego International Inc. TNI April 22
Tribute Resources Inc. TRB November 28
TRL Realty Inc. TR November 17
U.F.X. Enterprises Inc. UFX August 21
Uganda Gold Mining Ltd. UGM September 24
Ultra Capital Inc. ULT June 26
United States
Exploration Corporation UNX July 16
Universal Star
Ventures Corporation USV December 16
University Avenue
Financial Corporation UAF September 22
Ventech Industrials Ltd. ATT November 19
VF Capital Ltd. VFC October 23
Vision 2000 Exploration Ltd. VNN.A & VNN.WT.A October 3
Visualabs Inc. VLI & VLI.WT January 17
Waldorf Ventures Inc. WAL September 10
Walking Bear Resources, Inc. WBD September 30
Webb Bay Resources Ltd. WBR July 23
Westrange Corp. WRC April 24
Whitlaur Capital Corp. WL May 26
Willow Creek Exploration Ltd. WCE November 14
Winalta Shelters Inc. WTA.A & WTA.WT.A September 30
WSG Group Systems Inc. WSG October 7
Zorin Exploration Ltd. ZEL December 2
FIVE MOST ACTIVE ISSUES (By Value)
----------------------------------
$
-
Probe Explorations Inc. 187,354,271
NTI Resources Limited 182,666,575
Gitennes Exploration Inc. 178,989,975
Leader Mining International Inc. 73,198,427
Tri-Vision International Ltd. 64,671,693
FIVE MOST ACTIVE ISSUES (By Volume)
------------------------------------
Shares
------
Spider Resources Inc. 124,634,295
USA Video Interactive Corp. 59,438,818
Probe Exploration Inc. 56,679,487
NTI Resources Limited 49,037,422
Tuscany Resources Ltd. 46,605,540
ASE COMPANIES THAT BECAME LISTED ON TSE DURING 1997
---------------------------------------------------
Armada Gold Corporation AAU March 10
Azcar Technologies Incorporated AZZ February 14
Badger Daylighting Inc. BAD June 05
Bellator Exploration Inc. BEX May 26
BFC Construction Corporation BFC June 11
Bowridge Resource Group Inc. BOW August 11
Bitech Petroleum Corporation BPU July 31
Big Rock Brewery Ltd. BR February 25
Canmine Resources Corporation CMR June 13
Dundee Realty Corporation D July 09
Deep Basin Energy Inc. DBN June 16
Devine Entertainment Corporation DVN September 03
Founders Energy Ltd. FDE May 14
Holmer Gold Mines Limited HGM May 06
International Properties
Group Ltd. IPX September 09
Peak Energy Services Ltd. PES June 12
Probe Exploration Inc. PRX October 08
Pacific & Western Credit Corp. PWC September 16
Raider Resources Ltd. RAI July 21
Renata Resources Inc. RTA June 30
Search Energy Inc. SAH January 09
Tonko Development Corp. TAK July 31
Transglobe Energy Corporation TGL December 09
Tusk Energy Inc. TKE June 19
Vintage Resources Corp. VRU March 14
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