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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (3704)	11/24/1999 12:02:00 PM
From: keith massey	Read Replies (1) \| Respond to of 4467

Ron Thanks for the news... I love watching history in the making even if it is just a Canadian exchange <gg> I don't think it has been mentioned here but is important.... On Oct 1/99 the TSE announced new listing requirements. Any company that doesn't meet these requirements must be off the TSE within 6 months and must notify shareholders 30 days before they delist. From all the talks I have had it looks like 25-30% of the companies do not meet the new listing requirements. newswire.ca Here are the big ones that a lot of companies don't fit. OUTLINE OF PROPOSED AMENDMENTS i) Introduction of a minimum total market capitalization requirement of $3.0 million over a 30-day trading period; and ii) Increase in minimum market value of public float from $1.0 million to $2.0 million over a 30-day trading period. i) Industrial Companies - Increase minimum levels of revenues ($1 million to $3 million) total assets ($2 million to $3 million), and R&D expenditures ($500,000 to $1 million) and elimination of the net tangible asset requirement. ii) Resource Companies - Increase minimum exploration and/or development expenditures ($250,000 to $350,000), revenue from sale of commodities ($1 million to $3 million), and replace quantified working capital requirement with requirement for adequate working capital. Best Regards KEITH