Vancouver, British Columbia, October 2, 2013 - Dundee Corporation (TSX:DC.A) has closed a strategic investment in CNSX Markets, operator of the Canadian National Stock Exchange and Pure Trading. In conjunction with the investment, for which the terms were not released, Mr. Ned Goodman, President and CEO of Dundee, has joined the CNSX Markets' Board as Deputy Chairman.
Thomas Caldwell, President and CEO of Urbana Corporation (TSX:URB.A), and CNSX Chairman stated, "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."
Through Dundee, Goodman has been an early-stage investor in a number of sectors, including energy, real estate, mining and metals.
Richard Carleton, CNSX CEO, added, "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".
With simple, fixed listing fees of $12,500 for an application and $500 per month, the exchange has been attracting a number of new listings, recently surpassing the 200 mark.
For more information, please visit the CNSX website at www.CNSX.ca or contact Richard Carleton, CEO, at 416-367-7360
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