ASE / Six Month Review
THE ALBERTA STOCK EXCHANGE SIX MONTH REVIEW
CALGARY, July 9 /CNW/ - During the first six months, the ASE listed 83
new companies as compared to 101 in the same period in 1997 and 67 for 1996.
Companies choosing to list through the JCP program during the first six months
totaled 63, a nominal decrease from 66 during the same period in 1997.
During the first six months 61 Junior Capital Pool Companies completed
their Major Transactions as compared to 38 in 1997.
There were 1,024 companies listed on the ASE on June 30, 1998 as compared
to 918 on June 30, 1997.
Over the past six months, 21 ASE listed companies also became listed on
the TSE.
Trading activity in terms of volume, value and number of trades was down
during the period from the same period last year.
There were 57 member firms as at June 30, 1998 (June 30, 1997 - 53).
Member admissions during the period included IPO Capital Inc, Emerging
Equities Inc. and First Delta Securities Inc. In April McDermid St. Lawrence
Securities Ltd. and Goepel Shields & Partners Inc. merged to form Goepel
McDermid Inc.
The Exchange has recently adopted a policy requiring all issuers having
securities listed on the Exchange to disclose any determination by the issuer
of whether or not there are any systems or business implications arising from
the Year 2000 Century Change on them. This disclosure must be made in all
applications for listing and in materials, which accompany the issuer's
financial statements and/or Information Circular distributed to shareholders
during the period of July 1, 1998 up to and including December 31, 1999.
Here are the statistical highlights for the six month period ending June
30, 1998.
Highlights
----------
Six Months Six Months %Change
Ending Ending -------
June 30/98 June 30/97
---------- ----------
Share Volume (No. of
shares Millions) 1,712 2,013 -15%
Share Value ($ Millions) 1,250 2,247 -44%
Average Daily Number of Transactions 3,054 4,367 -30%
Average Daily Number of Issues Traded 451 472 -4%
New Listings 83 101 -18%
Number of Companies Listed at June 30 1,024 918 12%
Index, at June 30 2,089 2,370 -12%
Major Transactions Completed 61 38 61%
Financings:
ASE Listed Companies ($ Millions) 683 813
ASE/TSE Interlisted Companies
($ Millions) 2,014 1,818
Listing Statistics
------------------
June 30/98 % of Total
---------- ----------
Listed Companies
Industrial Companies 325 32%
Oil & Gas Companies 256 25%
Mining Companies 187 18%
JCP Companies 143 14%
TSE Interlisted Companies 62 6%
Suspended Companies 51 5%
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Total 1,024 100%
----- ---
----- ---
June 30/98 June 30/97
---------- ----------
New Listings
JCP 63 66
Industrial 8 16
Oil & Gas 7 10
Mining 5 9
--- ---
Total 83 101
--- ---
Delistings
Failure to Maintain Listing Requirements 20 20
Request of Company 31 14
Mergers, Reorganizations, etc. 8 17
--- ---
Total 59 51
--- ---
--- ---
Trading Statistics
------------------
June 30/98 June 30/97 %Change
---------- ---------- -------
Equity Trading
Share Volume (No. of shares) 1,712,159,412 2,012,713,967 -15%
Share Value ($) 1,249,868,267 2,246,999,610 -44%
Trading Averages (126 days)
Daily Volume (No. of shares) 13,588,567 16,233,384 -16%
Daily Value ($) 9,919,589 18,125,008 -45%
Daily Transactions 3,054 4,367 -30%
Daily Number of Issues Traded 451 472 -4%
Six Month Summary No.
Share Volume $ Value of Trades
------------ ------- ---------
January 240,944,748 170,464,222 53,662
February 276,212,437 211,786,951 63,198
March 330,783,664 262,817,893 75,877
April 308,573,479 218,968,398 71,485
May 303,214,443 234,447,994 67,855
June 252,430,641 151,382,809 52,742
------------- ------------- -------
Total 1,712,159,412 1,249,868,267 384,819
------------- ------------- -------
Five Most Active Issues (By Value) $
-
Hegco Canada Inc. (HEG) 67,665,633
Westport Innovations Inc. (WPT) 64,823,424
Red Sea Oil Corporation (RSO) 32,963,558
Northern Abitibi Mining Corp. (NAI) 32,353,671
InfoInteractive Inc. (IIA) 30,510,290
Five Most Active Issues (By Volume) Shares
-------
Nuvo Network Management Inc. (NNM) 45,718,031
Dynamic Ventures Ltd. (DVL) 32,600,699
USA Video Interactive Corp. (US) 27,643,448
Xinex Networks Inc. (XNX) 27,639,920
Anvil Resources Ltd. (ANV) 25,792,889
Financings
----------
June 30/98 June 30/97
---------- ----------
ASE:
Initial Prospectus Offerings
Junior Capital Pool 15,195,000 16,835,000
Regular 65,734,865 37,266,345
Exchange Offering 4,850,000 3,360,000
------------ ------------
85,779,865 57,461,345
Secondary Financings:
Exchange Offering Prospectus 0 0
Prospectus Offerings 44,592,455 72,334,049
Rights Offerings 56,270,716 8,143,437
Common Share Private Placement 336,989,725 518,135,655
Flow-Through Share Private Placement 48,151,836 54,127,755
Convertible Securities 110,812,940 103,006,769
------------- -------------
596,817,672 755,747,665
Total ASE Financings 682,597,537 813,209,010
TSE Interlisted
Initial Prospectus Offerings:
Regular 570,248,681 0
------------- -------------
570,248,681 0
Secondary Financings:
Exchange Offering Prospectus 0 0
Prospectus Offerings 492,035,000 532,999,900
Rights Offerings 0 0
Common Share Private Placement 182,691,996 412,370,921
Flow-Through Share Private Placement 21,716,473 47,348,068
Convertible Securities 64,599,992 12,500,000
------------- -------------
761,043,461 1,005,218,889
Total TSE Interlisted Financings 1,331,292,142 1,005,218,889
------------- -------------
Total Financings 2,013,889,679 1,818,427,899
------------- -------------
------------- -------------
New Listings
------------
Name Symbol Date
---- ------ ----
Fort Chicago Energy Partners L.P. FCE.UN January 7
XS Technologies Inc. XST January 7
Laser Rejuvenation Clinics Ltd. ZAP.A January 12
Service Plus Hospitality Ltd. SVH January 12
Vehicle Recycling Technologies Inc. VZZ January 13
Canadian Shield Resources Inc. CSP January 14
Northlinks Capital Ltd. NLX January 14
Armco Capital Corp. AMO January 15
Potential Technologies Inc. POL January 19
E-Tech Investments Inc. ETX January 21
Brompton Property Group Inc. BPZ January 22
Sebring Resources Ltd. SEB January 22
Roxi Capital Corp. ROX January 26
Kiddo Technologies Inc. KID January 29
RTM Holdings Inc. RTH January 29
Camflo Resources Ltd. CFK January 30
Calloway Properties Inc. CWT February 4
LW Resources Ltd. LAW February 4
Northline Energy Services Inc. NES February 5
Martin Pycnogenal Products Inc. MPP February 13
Baltic Resources Inc. BLR & BLR.WT February 17
Tertiary Mines Ltd. TRY February 17
Glenavy Investments Corporation GYI February 19
Quetzal Studios Investments Inc. QTZ.A February 20
Big Picture Multimedia Inc. BPM February 24
Scollard Capital Corporation SCX February 24
Sentex Systems Ltd. SXS February 24
Boltons Capital Corp. BLN February 26
Manitou Capital Corporation MOU February 27
Marengo Exploration Ltd. MRO.A February 27
ThermicEdge Corporation TED February 27
Newsys Solutions Inc. NSS March 3
Questor Technologies Inc. QST March 3
Tricom Equities Inc. TCE March 3
MC2 Learning Systems Inc. MCZ.A March 9
Voyageur Film Capital Corp. VYR March 9
Aztech New Media Corp. ANM March 11
Loon Energy Inc. LEY March 17
Clemex Technologies Inc. CXG.A March 20
Westbrook Energy Corporation WES March 25
Wi-Lan Inc. WIN March 25
J & L Capital Venture Corp. JLX March 27
Advanced Strategic Solutions Inc. ADT March 30
Cervin Capital Corporation CCK.A March 31
Greenstreet Equities Inc. GEI March 31
Comprehensive Medical Intelligence Inc. CMY April 1
Mendoza Capital Corp. MZ April 1
TransAlta Power, L.P. TPW.IR April 3
Sheer Energy Inc. SHU April 6
Royal Sovereign Exploration Inc. RSX April 15
T.G.S. Properties Ltd. TGP April 15
Emerald Bay Energy Inc. EBY April 16
Maya Gold Limited MAY April 20
Marl Resources Corp. MOC April 21
Patriot Equities Group Inc. PTT April 21
Discovery Acquisitions Inc. DIS May 1
Welwyn Energy Ltd. WYN May 1
Chirripo Resources Inc. CHO May 8
Dynastar Inc. DDC May 11
Globex Resources Ltd. GBX May 12
Phoenix Capital Inc. PNX May 13
Quadra Properties Corporation QPC May 13
Muskox Minerals Corp. MSK May 15
Torc Financial Corp. TFO May 19
Black Bull Resources Inc. BBS May 21
Urbanfund Corp. UFC May 27
Mainstreet Equity Corp. MEQ May 29
C2C Mining Corporation CZC June 3
Prairie Fire Oil & Gas Ltd. PRY June 5
Video Headquarters Inc. VHQ June 9
CXW Capital Corp. CXW June 11
Cardigan Capital Corp. CCC June 15
Goldsat Mining Inc. GOM June 17
Hardwood Properties Ltd. HWP June 18
Drilcorp Slimhole Technologies Ltd. DCT June 22
First Yellowhead Equities Inc. FYI June 22
AltaCanada Energy Corp. ANG June 23
Atlas Star Corporation AST June 25
Keywest Energy Corporation KWE June 26
Westview Lifecare Centres Inc. WLC.A June 26
Altagem Resources Inc. ALK June 29
Nexterra Property Group Inc. NEX June 30
RMN Technologies Inc. RTI June 30
21 ASE Companies Listed On The TSE During The First Six Months of 1998
----------------------------------------------------------------------
Name Symbol Date
---- ------ ----
Bromley Marr Ecos Inc. BME January 7
Gitennes Exploration Inc. GIT January 22
Calahoo Petroleum Ltd. CLX January 30
Mobile Climate Control Industries Inc. MCC February 9
Brocker Investments Ltd. BKI February 25
Canadian Crude Separators Inc. CCR February 26
Royop Properties Corporation RYP March 5
Real Resources Inc. RER March 6
Consolidated Properties Ltd. COP March 18
Tri-Vision International Ltd. TVL & TVL.WT April 2
Destiny Resource Services Corp. DSC April 23
Danoil Energy Ltd. DAN.A April 24
Best Pacific Resources Ltd. BPG April 27
Big Bear Exploration Ltd. BDX April 28
Burnt Sand Solutions Inc. BRT April 29
Western Star Exploration Ltd. WSX April 30
Oxbow Exploration Inc. OXB May 6
Ishtar Investments Inc. III May 19
Nevada Bob's Canada Inc. NBC June 4
Axia Multimedia Corporation AXX June 15
Hi-Alta Capital Inc. HIA June 17
Member Firm Changes
-------------------
As at June 30, 1998 there were 57 member firms, compared with 53 member
firms as at June 30, 1997.
New Admissions
IPO Capital Corp.
Emerging Equities Inc.
First Delta Securities Inc.
Other Changes
Majendie Charlton Securities Ltd. changed its name to Canadian Western
Capital Limited
Deutsche Morgan Grenfell Canada Limited changed its name to Deutsche Bank
Securities Limited
McDermid St. Lawrence Securities Ltd. and Goepel Shields & Partners Inc.
merged to form Goepel McDermid Inc.
Eagle & Partners Securities Inc. changed its name to Dundee Securities
Corporation
Merit Investment Corporation changed its name to Rampart Securities Inc.
For further information: Tom Cumming, President and Chief Executive
Officer, (403) 974-7436, Gerry Romanzin, Executive Vice President, (403)
974-7407, Mark Brown, Vice President, Listings, (403) 974-7405, Tim Daly, Vice
President of Market Surveillance & Corporate Reporting, (403) 974-7426 |
