CNQ Announces Financing.

TORONTO -- Plans underway to launch Alternative Market for Canadian Equities

Canadian Trading and Quotation System Inc. ("CNQ CNQ Cost of Non Quality
CNQ Canadian Trading & Quotation System Inc.
CNQ Club Neon Quebec (Quebec Neon Club) ") announced today that it has closed an equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. of over $10,000,000. Investors include private equity funds, market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. and individuals. CNQ's financial advisor for the offering was Blair Franklin Capital Partners.

The financing was undertaken to complete the development of CNQ's previously announced plan to launch an alternative market for the trading of equities listed on other Canadian stock exchanges. CNQ is currently expanding and enhancing its trading engine and communications infrastructure to meet the needs of the trading community for speed, capacity and reliability at a low cost.

"This financing will enable us to pursue an aggressive strategy for growth as the supplier of a second new trading venue for Canadian investment dealers and investors" said Robert Cook Robert Cook can refer to:

Robert Cook (computer graphics designer)
Robert Cook (Ohio politician)
Robert Cook (programmer)
Robert Cook (veterinarian)
Robin Cook (British politician)

, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CNQ. "With our experienced team of market professionals in place we are creating a market to facilitate the growing demand for quick executions and a high ratio of orders to trades."

The CNQ stock exchange is the first new Canadian New Canadian
Noun

Canad a recent immigrant to Canada stock exchange in over 70 years. CNQ's listed market has operated without interruption for over two years and continues to grow. CNQ uses technology partners to supply critical components of its system architecture, which has proven successful as the trading engine and market website have performed continuously without incident. There are 20 investment dealers approved for direct access and at least 20 other dealers entering orders through correspondent relationships. For more information about CNQ please visit www.cnq.ca.

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Publication:	Business Wire
Date:	Dec 8, 2005
Words:	262
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