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VANCOUVER STOCK EXCHANGE ACTIVITY UP DURING SEPTEMBER

 VANCOUVER STOCK EXCHANGE ACTIVITY UP DURING SEPTEMBER
 VANCOUVER, British Columbia, Oct. 7 /PRNewswire/ -- Trading


activity on the Vancouver Stock Exchange rose during September, interrupting a nine-month downward trend.
 September's volume rose by 21 percent over the previous month to 298 million shares, the highest monthly volume of the third quarter. Value rose by 15 percent over last month to $244 million.
 Financings rebounded sharply over the previous month to $29 million, pushing the total for 1992 to $293 million. Financings for the first nine months of the year are up 6 percent over the same period in 1991, led by a 79 percent increase in the value of initial public offerings.
 The Composite Index slid 2 percent during the month to close at 563.96 as declines in the Commercial/Industrial and Venture Indices countered a 2 percent rise in the Resource Index. At the end of September, the market capitalization of the 1,441 companies included in the Composite Index was $3.8 billion.
 The exchange's Senior Board increased its share of trading to 20 percent of total volume and 46 percent of total value during the month. Eleven percent of the Senior Board value was in the form of large transactions (Senior Board transactions greater than $500,000), which totalled $28 million.
 Of the 1,941 issues listed on the VSE at month-end, 103 posted new highs, and 194 posted new lows during the month. The most active stocks by volume included Commonwealth Gold (Resource), Arrowhead Resources (Venture), Ossa Resources (Venture), Sundance Resources (Venture) and Intertel Communications (Commercial/Industrial).
 Third Quarter 1992
 Trading on the VSE was slow during the third quarter of 1992 despite a surge in activity in September.
 Volume for the third quarter declined by 8 percent to 825 million shares, while value of shares traded dropped to $710 million, down 15 percent from the previous quarter.
 Listings
 Three new Venture companies listed on the VSE in September, compared to one last month and three during the same period last year. All three companies are involved in some aspect of the computer industry. Telesis Computer Networking, involved in software and hardware, and International PCBX Systems, involved in voice-data systems, both have assets based in California, while New Jersey-based Novadigm Inc. is involved in marketing software.
 Four Reverse Take-Overs (RTO) were completed during the month, compared to three last month and none in September of 1991. An "RTO" occurs when an established, non-listed company takes over one already listed on the Exchange.
 British Columbia-based Koala Beverages completed its RTO Sept. 4. They have the right to represent and distribute the Koala Springs Beverages line of sparkling mineral water and fruit juices.
 Varitech Resources resumed trading Sept. 9. Based in Vancouver, the company is engaged in shopping related advertising sales via video billboards or in-store video advertising.
 Sept. 23 saw International Light Aircraft complete its reverse take-over. The company has recently acquired 100 percent of a real estate development and construction firm in Japan.
 National Nova Marketing, which completed its reverse take-over Sept. 28, has acquired a Barbados corporation with the marketing rights to a non-toxic fire suppressant and retardant which is considered environmentally safe.
 One company, Azco Mining, was upgraded to the Senior board this month, compared to four last month and two in September 1991, bringing the total number of Senior Board companies to 334.
 Two companies were delisted from the VSE during the month, compared to three last month and one in 1991.
 -0- 10/7/92
 /CONTACT: C. Joyce Courtney of Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: FIN SU:


LS -- LA020 -- 7632 10/07/92 17:46 EDT
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Date:Oct 7, 1992
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