(June 12 – 14:00 ET)- Dennis Burdett has resigned as chairman of the board of the Canadian Venture Exchange. G. Scott Paterson, chairman and CEO of Yorkton Securities Inc., has been unanimously elected as the new chairman

Burdett, who is executive vice president of Canaccord Capital Corporation, will remain on the CDNX Board, but has left his post as chairman to devote his attention to an illness in his family.

“We are sorry to see Dennis step down. His leadership — not only as CDNX chairman, but also as a member of the steering committee that orchestrated the creation of CDNX — has been admirable,” explained Ian Brown, CDNX vice chairman and executive vice president and eirector of Goepel McDermid Securities Inc.

In addition to his role at CDNX, Paterson serves the industry as a member of the board of directors of the IDA.

“I am delighted to serve our industry in this capacity. CDNX has proven to be a great success in its short history and I am confident that CDNX’s significance in Canadian capital markets will continue to accelerate in the years to come,” Paterson said.
-IE Staff

http://www.newswire.ca/releases/June2000/12/c4084.html