2013-08-29 00:08:03 -
Vancouver, British Columbia, August 28, 2013 - CNSX Markets Inc. (operator of
the Canadian National Stock Exchange or "CNSX") announced the listing of the
common shares of Innovative Composites International Inc. (CNSX:IC) and Rift
Valley Resources Corp. (CNSX: RVR) on Friday August 23, 2013. These stocks are,
respectively, the 200th and 201st issues listed on CNSX, and marks the first
time in its history that CNSX has exceeded 200 issues concurrently listed on its
exchange. Innovative Composites is also the first company to take advantage of
CNSX's current fee discount programme for companies switching their listing from
another Canadian exchange.
Richard Carleton, CEO, stated "Given the current corporate finance challenges
for early stage and established companies, the CNSX model is gaining traction
with public companies. They can spend less money on
maintaining their listing,
leaving more resources and time to invest in growing their businesses".
Video interview of Richard Carleton by Ted Ohashi, CFA posted on
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CNSX has listed 24 securities to date in 2013, representing a broad spectrum of
industries and instrument types, and is on track to record its largest share of
the new listings market since inception in 2003. CNSX has grown its number of
listings by more than 5% this year; most equities exchanges around the world
have seen their number of issuers decrease during 2013 to date. In the last
three months alone, CNSX has listed common shares, convertible and plain vanilla
debentures, and structured products. By listing on CNSX, these companies are
taking advantage of the exchange's enhanced disclosure and streamlined
* Maintain market access and liquidity on a transparent auction market for
Canadian investors - the only Canadian exchange to offer free real-time data
via Google Finance.
* Management and administrative time is saved by operating within CNSX's
enhanced continuous disclosure environment.
* Costs and overhead are contained by virtue of CNSX's flat monthly
maintenance fee - no additional fees for filings, ordinary course
transactions, or a percentage charged of new financings raised for the
company by the Exchange.
James Black, Director of Business Development with CNSX Markets' Vancouver
office said, "Breaking 200 listings is a great milestone for CNSX and I think
this is a clear signal to listings on other Canadian Exchanges that there is a
growing and viable alternative listing venue here in Canada."
The listing process on CNSX is straightforward and readily attainable for public
companies that meet the exchange's listing requirements for public float,
working capital or revenues. Listing requirements and forms are available on
www.cnsx.ca and exchange staff known for their customer service can be contacted
by email to firstname.lastname@example.org
Real-time quotes and company information are available at
For further information please contact:
Richard Carleton, CEO at 416-367-7360 or email email@example.com
James Black, Director Business Development at 778-383-7694 or email
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Barry Morgan, CFO
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