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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (15306)	11/29/1999 12:12:00 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

CONTACT: November 27, 1999 Pam Whitworth Communications Director Canadian Venture Exchange Tel: (604) 488-3126 New Canadian Venture Exchange Created On Friday afternoon, members of the Alberta Stock Exchange (ASE) and Vancouver Stock Exchange (VSE) ratified the agreement to restructure the Canadian capital marketplace and approved the merger of the ASE and VSE, culminating in the creation of the new Canadian Venture Exchange (CDNX). At its helm is a new President and Chief Executive Officer as well as a new Board of Directors. "This is the first market restructuring of its kind in Canada's history," explains William Hess, President and CEO of the Canadian Venture Exchange. "I am grateful for the tremendous amount of goodwill shown by all participants to make this happen." Joining Mr. Hess in setting the strategic direction for CDNX is a new Executive Committee of the Board of Directors, appointed this morning at the Board's first meeting. Dennis Burdett was named Chairman of the Board. Mr. Burdett is the Executive Vice President of Canaccord Capital Corporation (Vancouver). Appointed Co-Vice Chairs are Ian Brown, Managing Director and Executive Vice President of Goepel McDermid Securities Inc. (Calgary), and Scott Paterson, Chairman and CEO of Yorkton Securities Inc. (Toronto). Other Executive Committee members are: Wiley Auch, CFO of FirstEnergy Capital Corp. (Calgary); John Hagg, Chairman of the Board of Northstar Energy Corporation (Calgary); Ken Hanna (Vancouver); Chris Lay, Director of Private Client Investments, CIBC World Markets (Vancouver); Norman Thompson, President and CFO of Union Securities (Vancouver); and, Deborah Weinstein, Partner of LaBarge Weinstein (Ottawa). Additional board members are: John Anderson, Chairman and CEO, Anderson Exploration Ltd. (Calgary); Alain Auclair, Director of Investment Banking, Scotia Capital Markets (St. Lambert); Ian Beddis, Vice President, RBC Dominion Securities Inc. (Calgary); John Brock, President of John S. Brock Ltd. (Vancouver); Sesto DeLuca, COO and CFO, W.D. Latimer Co. Ltd. (Toronto); Harry Jaako, Chairman of Discovery Capital Corporation (Vancouver); Mary Macdonald, President of Macdonald & Associates Limited (Toronto); John McCoach, BC Vice President of Corporate Finance, Yorkton Securities Inc. (Vancouver); Joanne McLaws, Vice President, Nesbitt Burns Inc. (Calgary); Gordon Medland, Vice President and Managing Director, Goepel McDermid Securities Inc. (Vancouver); James Sorenson, Resident Vice President and Director, Merrill Lynch Canada Inc. (Calgary); and, John Wells, Senior Vice President and Director, National Bank Financial (Edmonton). Monday, November 29, will mark CDNX's first day of operations. It denotes a significant step in the overall Canadian capital market restructuring, first announced in March by Canada's major stock exchanges. The Canadian Venture Exchange is the market for emerging companies, the Toronto Stock Exchange will host senior equities and the Montreal Exchange will focus on derivatives. With the launch of CDNX, a wide range of information will be made available including: the CDNX website, a detailed listed company database, a complete member roster and corporate finance policies and procedures. For more information about the new Canadian Venture Exchange, please visit the website at www.cdnx.ca or call the Calgary office at (403) 974-7400 or the Vancouver office at (604) 689-3334.