(October 7- 13:45 ET) –
Rampart Mercantile Inc.,
owner of brokerage firm Rampart
Securities, says it will
consolidate its shares 10-for-1,
boost its outstanding capital to
100 million common shares, and
create a class of preferred
shares.
The firm trades on the Canadian
Dealing Network. It has also filed
with the Securities and Exchange
Commission to register its stock
to trade over-the-counter in the
U.S.
Rampart says it will launch an
online research and capital markets
segment for its Web site in
November 1999. It plans to
introduce online trading in the
first quarter of 2000.
Rampart currently has 70
investment advisors in Toronto,
Calgary and Fredericton. It says
it intends to expand to 100
brokers over the next 12 to 18
months.
-IE Staff
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