Dundee Corporation Joins Urbana Corporation in Making a Strategic Investment in CNSX Markets Inc.
September 30 2013 - 10:31AM
Marketwired Canada
Dundee Corporation ("Dundee")(TSX: DC.A), Urbana Corporation ("Urbana")
(TSX:URB.A) and CNSX Markets Inc. ("CNSX") are pleased to announce that Dundee
has closed a strategic investment in CNSX, operator of the Canadian National
Stock Exchange and Pure Trading. The terms of the transaction were not released
by the companies. In conjunction with the investment, Mr. Ned Goodman, President
and CEO of Dundee, has joined the CNSX Board as Deputy Chairman.
Thomas Caldwell, President and CEO of Urbana, and CNSX Chairman said, "We are
pleased to welcome a business leader of Ned's stature to the Board. With his
contribution we expect to accelerate the steady growth CNSX has seen this year,
as we continue to enhance CNSX's role as the 'Exchange for Entrepreneurs' in
Canada."
Ned Goodman commented, "I have been impressed for some time with CNSX's approach
to helping entrepreneurs access the public capital markets in Canada. The CNSX
model reduces the time and expense companies face in going public, and in
maintaining a listing, along with a high level of continuous disclosure. As a
lifelong entrepreneur I have no problem encouraging and inviting the management
and boards of entrepreneurial Canadian public companies to consider the benefits
of a CNSX listing."
Richard Carleton, CNSX CEO, said, "We have a number of programmes coming over
the next several months designed to support the capital formation process for
early stage companies which will enhance the resources CNSX makes available to
our issuers and the investment community".
Key CNSX Markets facts:
- CNSX Markets is a full service exchange with 180 equity issues, 18 debt
instruments, and 7 structured products - recently surpassing 200 issues for the
first time;
- Junior mining exploration companies represent over 50% of the issuers listed
by sector;
- Companies in knowledge-based industries (IT, clean tech, and life sciences)
now comprise nearly 20% of the equities on CNSX;
- Simple, fixed listing fees: $12,500 for application and $500 per month;
- The only Canadian exchange to offer real-time quotes on Google Finance.
To learn more, email CNSX Markets at info@cnsx.ca or visit www.cnsx.ca and on
Twitter @CNSX_News
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A". Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.
ABOUT URBANA CORORATION
Urbana Corporation is a closed-end investment company with current interests
across the financial services sector from exchanges to banks to broker dealers
and investment managers.
The goal of Urbana Corporation is to generate long term asset growth through a
combination of public and private investments. The mix of an actively managed,
liquid portfolio with private equity investments ensures non committed assets
are productively employed as we seek out and evaluate opportunities in the
non-public sphere. Many of the latter investments take time to mature and
typically encompass high risk/high return characteristics.
Urbana Corporation, as a result of its permanent capital base, has both the
scope and flexibility to act quickly as opportunities arise.
ABOUT CNSX MARKETS INC.
CNSX Markets Inc. ("CNSX") is a Canadian company established in 2001 that
operates the Canadian National Stock Exchange. The company was recognized as a
stock exchange by the Ontario Securities Commission in 2004. CNSX provides
listing and trading services to a wide range of Canadian and international
issuers by offering low fees and innovative continuous disclosure features
designed to minimize regulatory costs while improving the quality of information
available to investors. With more than 200 securities listed, and 88
participating dealers, CNSX is an attractive and growing venue for issuers of
equity and debt securities from all business sectors.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking" statements
that involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Urbana and or Dundee to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Unless required by
applicable securities law, neither Urbana nor Dundee assumes any obligation to
update these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665
Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157
Urbana Corporation
Thomas S. Caldwell
Chief Executive Officer
(416) 595-9106
Urbana Corporation
Elizabeth Naumovski
Investor Relations
(416) 595-9106
CNSX Markets Inc.
Richard Carleton
Chief Executive Officer
(416) 367-7360
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