The Canadian Venture Exchange is inviting companies listed on the Bourse de Montréal Inc. to join CDNX, making it the country’s sole junior market.

CDNX and the Bourse have negotiated an agreement whereby the Bourse will cease operations as an equity stock exchange and CDNX will commence operations as a stock exchange in Quebec.

Only those companies that as at August 31, are either Bourse listed companies or companies that have submitted a complete application to be listed on the Bourse that is subsequently approved for listing are invited to list on CDNX. The agreement is subject to obtaining regulatory approval

In order to commence operations in Quebec, CDNX will make formal application to the Commission des valeurs mobilières du Québec to be exempted from recognition as a stock exchange in Québec. The basis for the application for exemption from recognition is that CDNX is already recognized as an exchange in Alberta and B.C. and is subject to joint oversight by the Alberta Securities Commission and the B.C. Securities Commission.

The CDNX intends to share office space with the Bourse in Montreal. The Bourse will continue to accept applications for listing on the Bourse until August 31. Provided that CDNX receives a complete CDNX application by September 7, eligible companies will be listed and commence trading on CDNX on October 1.

Any Bourse issuer that has failed to submit a complete CDNX application by September 7, will not be listed or traded on CDNX and will cease to be listed or traded on the Bourse at the close of business on September 28.

The CDNX will review the directors, senior officers, control persons and parties conducting investor relations activities on behalf of all eligible companies by November 30, to assess their suitability.