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CSE lists 13 new companies in June

2014-07-09 15:38 ET - News Release

Mr. Richard Carleton reports

CSE SEES RECORD LISTINGS GROWTH

The Canadian Securities Exchange (CSE) had a record 13 new companies listed with the CSE in the month of June. The previous record, 10 listings, was set in December, 2010. Trading activity on the exchange during the month was the third best ever, both by share turnover and value-traded measures: more than 257 million shares changed hands with a value exceeding $68-million.

"We are dedicated to lowering the costs of Canadian public capital for entrepreneurs," comments chief executive officer, Richard Carleton. "We are delighted that so many companies are taking advantage of our listing services, and that their securities are finding a growing audience among investors," he adds.

June, 2014, highlights

The CSE welcomed 13 new issuers in the month of June. These included:

  • Lornex Capital Inc. -- LOM;
  • West Point Resources Inc. -- BLO;
  • Helius Medical Technologies Inc. -- HSM;
  • Lions Gate Metals Inc. -- LGM;
  • Appia Energy Corp. -- API;
  • GoviEx Uranium Inc. -- GXU;
  • Chlormet Technologies Inc. -- PUF;
  • Murchison Minerals Ltd. -- MUR;
  • Mazorro Resources Inc. -- MZO;
  • Orca Touchscreen Technologies Ltd. -- OAA;
  • BlackIce Enterprise Risk Management Inc. -- BIS;
  • Highmark Marketing Inc. -- HMK;
  • Big Rock Labs Inc. -- BLA.

In addition, one issuer, Sunorca Development Corp., completed a fundamental business change during the month upon the acquisition of Wildflower Marijuana Inc.

For the first six months of the year, the CSE has listed 35 new issuers, and is on pace to comfortably exceed 2013's record of 37 companies. Trading volumes have already exceeded 2013's previous record levels.

"The continued success that CSE is experiencing is further proof that there is in fact a much-needed alternative in the Canadian capital markets," added Akthem Sumrain, managing director of listings development. "We are deploying the needed resources and as a result, are developing a much larger footprint within the capital markets Canada-wide."

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