The Alberta Securities Commission has granted transitional exemptions for Bourse de Montreal issuers transferring their listings to the Canadian Venture Exchange.

These issuers become reporting issuers in Alberta as a result of the transfer of the Bourse’s junior equity issuers to CDNX. The ASC’s order relieves them from certain filing and shareholder delivery requirements imposed on Alberta reporting issuers as long as they comply with the equivalent requirements of Quebec securities law.

The relief is available for a transitional period only which ends on May 31, 2002. The British Columbia Securities Commission has issued similar relief.

As part of the restructuring of Canada’s exchanges, the Bourse will transfer its junior equity listings to CDNX effective on the close of business September 28. The CDNX will commence operations as a stock exchange in Quebec on October 1.