2012-02-10 23:25:55 -
Toronto, Ontario CANADA, February 10, 2012 /FSC/ - IBI Corp.("IBI"), a junior international mining and investment company, has received conditional approval for listing and trading of its common shares on the Canadian National Stock Exchange ("CNSX").
The following information is a summary of background provided by CNSX which outlines various aspects of CNSX operations and policies.
The Canadian National Stock Exchange is an innovative new Canadian stock exchange for trading the securities of public companies. CNSX's unique market model matches enhanced disclosure and streamlined issuer regulation with leading edge technology and comprehensive regulatory oversight to meet the needs and characteristics of public companies, their investors and investment dealers.
CNSX is a stock exchange alternative to traditional stock exchanges, where high
costs and large capitalization requirements are often barriers to trading in a company's securities. Responding to the consolidation of stock exchanges in Canada, CNSX's founders identified the need for a low cost, streamlined stock exchange - with a high standard of disclosure. This model, combined with comprehensive regulatory oversight, provides an efficient new marketplace that fosters integrity, transparency and liquidity for trading securities.
Most CNSX Issuers are small-cap companies, from a wide variety of industries, competing on a national and international scale. They benefit from the CNSX philosophy that delivers a streamlined stock exchange with a regulatory model based on regular and continuous disclosure. This allows Issuers to focus on building their businesses rather than seeking regulatory approval for every prospective transaction and paying a fee for each approval.
BENEFITS TO CNSX LISTED COMPANIES
* A cost-effective and efficient stock exchange
* Streamlined regulatory model - no transactional reviews/ approvals/ fees
* No mandatory sponsorship requirements to obtain a listing
* An automated, regulated, and transparent marketplace for the trading of equity securities
* Visibility and transparency for qualifying companies
* A market model that attracts dealer participation
VISIBILITY ON WEBSITE - CNSX.CA
* Provides a centralized resource for dynamic information about CNSX listed companies/dealers, CNSX market data, and exchange information
* Issuer Disclosure Hall, found under Issuer Profiles, provides widespread visibility for issuers and easy access to information for interested investors
* CNSX listed companies can quickly, securely and cost-effectively provide investors with all required disclosure documentation about their companies and securities in the Disclosure Hall
* Quotes and current trading activity and historical trade data for listed companies
* Market depth (market by order, market by price), largest increases/decreases, top ten issues, market summaries of daily, weekly, and monthly CNSX trading activity and CNSX notices
LIQUIDITY
* A fully automated marketplace that provides immediate execution of trades
* Central Limit Order Book focuses available liquidity
* Competitive market making model that encourages greater market depth and provides additional liquidity
TRANSPARENCY
* Trading system displays an open book, with client and dealer orders exposed
* Quotes, market depth (market by price, market by order) and current trading information are all available at CNSX.CA
* TSX Datalinx distributes real-time CNSX market data to established data vendors
* Enhanced disclosure by listed companies immediately available to investors on CNSX.CA
INTEGRITY
* CNSX is recognized by the Ontario Securities Commission ("OSC") as a stock exchange and is subject to OSC regulatory requirements
* Market Regulation Services Inc. provides market surveillance and regulatory oversight
* Issuers must remain in good standing in all Canadian jurisdictions and comply with CNSX's policies
* Dealers must be IDA members and adhere to Universal Market Integrity Rules and CNSX's trading and sales practice rules
To be approved for listing, a company must be a Reporting Issuer in good standing in any Canadian jurisdiction. Other issuers can file a prospectus to become a reporting issuer concurrently with filing a CNSX application. Once listed on CNSX, issuers automatically become reporting issuers in Ontario.
The CNSX issuer regulatory model is based on enhanced disclosure. The application form and Listing Statement must contain prospectus-level disclosure.
Complete information about the CNSX and its data base of trading details, listed company disclosure documentation posted in the Disclosure Hall, and operating and transparency policies can be reviewed on www.cnsx.ca
At the time finalizing of the listing on the CNSX, shareholders of IBI will not be required to take any action with respect to their shareholdings. The broker used by the shareholder will just complete stock purchases or sales through the CNSX trading platform.
Reader Advisory: Statements in this document may contain forward-looking information. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, but not limited to, matters discussed in this News Release, such as the conditional approval for listing on the Canadian National Stock Exchange and details about the Exchange. The reader is cautioned not to place undue reliance on this forward-looking information.
For further information, please contact:
Gary A. Fitchett CA - President and CEO
Tel: (905) 985-3144
e.mail:
G.Fitchett@IBInvest.com
Dennis Mellersh - Investor Relations
Tel: (416) 754-4454
e.mail:
D.Mellersh@IBInvest.com
www.IBInvest.com
To view this release as a web page, please click on the following link:
www.usetdas.com/pr/ibi02102012.htm
Source: IBI Corporation (TSX-V: IBI)
www.IBInvest.com
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