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Gold/Mining/Energy : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?

To: BAKE who wrote (338)	11/23/1999 1:45:00 PM
From: BAKE	Respond to of 397

The Canadian Venture Exchange. A few bits of info. What will be the new exchange?s relationship with the TSE? The Canadian Venture Exchange's most successful companies may follow a graduation path to the Toronto Stock Exchange. Nowhere else in the world will a country's junior and senior equity exchanges be so closely aligned. It is expected this will substantially increase the participation of companies and investors in this market. How will the different qualities of companies be listed? The specific listing requirements have yet to be finalized, however, a three-tiered structure is planned: Tier 1 is intended for advanced companies. These companies may be attractive to institutional investors and may be eligible for special services such as expedited review and preferential policies. Tier 2 is intended for venture companies with an active business. Included are capital pools that will be designated by a unique stock symbol until a major/qualifying transaction has been completed. This tier will represent the majority of listings. Tier 3 will be for companies that have not yet found a business, are reorganizing, or are too early in their stage to meet the other tier requirements. It is expected that companies in Tier 3 will eventually move to Tier 2 within a predetermined period. Tier 3 is also designed to offer different access types and will be operated as a dealer market. Tier 3 companies will have stock symbols with four letters. I wonder where we will be placed? Likely Tier 2. Gary.