(October 13 – 11:30 ET) – The Winnipeg Stock Exchange is shutting its doors and sending listings to the Canadian Venture Exchange.

The WSE says CDNX has invited all companies with securities exclusively listed on the WSE to join the CDNX. Applications considered by CDNX should expect to list and trade on that exchange on November 27. The WSE will cease trading permanently at the close of business on November 24.

The WSE members and board of governors strongly endorse this new arrangement. The WSE says that the CDNX will facilitate the continued development of capital markets in Manitoba, bringing more liquidity and wider recognition to local public companies.

CDNX will maintain a regional office in Winnipeg for companies considering a public listing. This office will use current WSE staff and premises and is expected to add additional technical and corporate finance support.

In addition, the new local office of CDNX will continue to consider applications using such programs as the Manitoba Equity Tax Credit. The WSE’s KeyStone Company program will be replaced by CDNX’s Capital Pool program.

The WSE says it has been advised that legislation and regulation necessary to allow the operation of CDNX in Manitoba is nearing completion and should be in place prior to the closing of the agreement with CDNX on November 24.
-IE Staff