RE: VSE set to trade securities in U.S. dollars.VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 13, 1994--After several months of programming and testing, the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). Tuesday announced its capability to list and trade securities in U.S. dollars. Although this service is available to all VSE-listed companies meeting certain requirements, it was specifically introduced to accommodate firms listing on the Exchange's new Asian BoardTM. Introduced earlier this year, the Asian BoardTM was developed to provide a point of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. entry for substantial companies based in the Asia Pacific region. It is expected the first Asian BoardTM listing will occur prior to year-end. "Offering our listed companies listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → the option to trade in U.S. currency, which is recognized by the financial community as a universal monetary unit, demonstrates our commitment to meeting the requirements of VSE-listed firms based in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and around the world," said Don Hudson, president of the Vancouver Stock Exchange. All firms, excepting Asian BoardTM companies, that wish to trade securities in U.S. dollars must apply to the Exchange's Corporate Finance & Listings department for approval. Initially, only those companies that are eligible to qualify as a U.S. issuer according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. established by the Securities and Exchange Commission will be granted approval to proceed. This application process is designed to ensure the integrity of requests by confirming that companies seeking to trade in U.S. funds meet specific listing and trading requirements. While the VSE See DOS/VSE. VSE - Virtual Storage Extended is prepared to proceed with trading in U.S. dollars, this service will be introduced gradually and on a selective basis. "Our intent is to provide a service that benefits both our listed companies and the investing public," said Vice President of Corporate Finance & Listings John Boddie. "We plan to review this service in several months to ensure we have been successful in meeting this objective." In addition to listing and trading securities in U.S. dollars, the VSE is also now equipped to clear (match) and report securities in this currency. All securities that trade in U.S. dollars will be identified with a "U" following the symbol or name in newspapers, reports and other media that feature Vancouver market quotes. The Asian BoardTM is a registered trademark of the Vancouver Stock Exchange. CONTACT: Vancouver Stock Exchange, Vancouver David A. Laundy, 604/689-3334 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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