DundeeWealth(TM) Makes a Strategic Investment in CNSX Markets
CNSX Markets is a privately held Canadian company that operates two markets, The Canadian National Stock Exchange ("CNSX") and Pure Trading. In operation since
"CNSX provides a valuable alternative to issuers and complements other corporate finance and trading initiatives in place in our Capital Markets division," said DundeeWealth President and Chief Executive Officer
"The CNSX value proposition is clearly resonating within the issuer and advisory communities," said Ian Bandeen, Chief Executive Officer of CNSX Markets. "DundeeWealth's investment reflects the growing relationship with the Dundee group that began with the listing of Eurogas International, one of Dundee Corporation's subsidiary companies, on CNSX in April, 2009. The additional financial and strategic resources that DundeeWealth is delivering will allow us to leverage our strengthening position and facilitate the broader acceptance of an exceptional product".
Joanne Ferstman, Vice-Chair and Head of Capital Markets at DundeeWealth added, "As a strategic initiative, our investment recognizes both CNSX's streamlined regulatory model, which combines improved market integrity and its enhanced disclosure regime with a simplified listings process that saves both time and money, as well as its leading-edge electronic trading platform which can bring significant future prospects to its business. In our view, CNSX is the market of the future and we are delighted to be able to play a more significant role in its business development."
About DundeeWealth:
DundeeWealth is a Canadian owned, independent wealth management company that oversees
About CNSX Markets:
CNSX Markets is a privately held Canadian company that operates two distinct markets: The Canadian National Stock Exchange (CNSX) and Pure Trading, which provides a high-speed trading venue for stocks listed on Canadian stock exchanges. CNSX competes for listings and trading by offering lower listing fees and innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors. The CNSX model is ideally suited for the next generation of Canadian companies seeking to go public. With 120 securities listed, CNSX is a full service stock exchange that lists equity, debt, investment funds, structured products, and ETFs.
For more information on CNSX listing requirements, please contact the listings department at [email protected].
For further information: DundeeWealth Inc., Myra Reisler, Manager, Public Affairs, P: (416) 365-5370; CNSX Markets Inc., William Woods, Managing Director P: (416) 572-2000 x 2363, E: [email protected], W: www.cnsx.ca
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