The Globe and Mail reports in its Tuesday, May 20, edition that CNSX Markets is acquiring Australia's National Stock Exchange (NSX) to replicate its domestic growth. The Globe's Jameson Berkow writes that the all-cash deal values NSX at about $16-million (Australian) ($14.4-million). CSE chief executive officer Richard Carleton said: "There is a tremendous opportunity for these guys to do exactly what we did in Canada. Australia is easily the most comparable market to Canada. We are the two markets that take pre-revenue companies into the public markets, with obviously a significant component of mining but also tech, life sciences and other sunrise industries." The NSXA, with 52 listed securities, is much smaller than the CSE, which has over 750 issuers. However, the NSXA has a rich history dating back to its establishment as the Newcastle Stock Exchange in 1937. It was listed on the Australian Stock Exchange in 2005 and adopted its current name in 2006. The CSE has eyed NSXA for 15 years, but the pursuit intensified last year when former Goldman Sachs executive Max Cunningham, and a former ASX executive, was appointed as CEO. Mr. Cunningham also brought in additional ASX staff to the 13-person NSXA team.