Mr. Richard Carleton reports

CSE REPORTS STRONG START TO SECOND HALF OF 2014; ISSUER COUNT, FINANCING ACTIVITY AMONG HIGHLIGHTS

The Canadian Securities Exchange, formerly Canadian National Stock Exchange, achieved a number of important milestones during the third quarter of 2014.

• The total number of issues reached 250 for the first time on Sept. 18 with the listing of Fundamental Applications Corp. The CSE currently has 253 listed issues, a 23.5-per-cent increase over the end of September, 2013;
• Total equity capital raised by CSE issuers since the beginning of the year exceeded $100-million. As of the end of September, 87 issuers had conducted 160 financings, raising a total of $109,958,290;
• Aggregate trading volume in July to September rose 252 per cent, compared with that in the same period in 2013, to 549 million shares, making it the second most active quarter in exchange history;
• CSE-listed companies conducting financings in 2014 span a range of sectors, among them technology, industrial, mining, pharmaceutical, and oil and gas.

"The accelerating expansion we see on all fronts illustrates clearly that entrepreneurs looking to tap the public markets for growth capital are increasingly aware of the advantages offered by the Canadian Securities Exchange," said CSE chief executive officer Richard Carleton. "Our streamlined compliance process, low listing costs and issuer support initiatives are proving the right fit for more and more businesses in an environment where cost of capital is more paramount to the success of small-cap companies than ever before."

Notable financings conducted by CSE issuers in 2014 include $7.62-million raised by medical device developer Helius Medical Technologies Inc. in May, $4.0-million by real estate social network Resaas Services Inc. in July and $1.48-million in the first two of three financing tranches by 3-D conversion technology company Gener8 Media Corp. through mid-October. Technology sector financings accounted for 51.4 per cent of capital raised by CSE issuers in the first three quarters of 2014.

"Trading volume at record levels and issuers finding receptive audiences for financing efforts shows that a growing number of investors, both individuals and institutions, are coming to appreciate the opportunities to deploy capital available on the CSE," said James Black, vice-president, listings development. "Our services are attracting early-stage businesses as well as companies that are already established in their respective industries. The exchange will continue to grow alongside its listed companies as they achieve success in their own businesses."

The CSE has welcomed a record 60 new listed companies this year to date. With a large number of applications in hand from prospective issuers, the CSE will continue to build on this record number for the remainder of the year.