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VANCOUVER STOCK EXCHANGE REPORTS STEADY TRADING ACTIVITY

 VANCOUVER STOCK EXCHANGE REPORTS STEADY TRADING ACTIVITY
 VANCOUVER, British Columbia, Nov. 4 /PRNewswire/ -- While October trading activity on the Vancouver Stock Exchange (VSE) was down marginally from the previous month, it was generally in line with third quarter (July-September) figures.
 Volume of shares traded dropped by 4 percent from last month to 286 million shares, slightly above the third quarter monthly average. Meanwhile value was 5 percent lower than September's at $233 million, which was fractionally lower than the third quarter monthly average.
 Financings for the first 10 months of 1992 were slightly ahead of last year's total for the same period as a moderate increase in financings by non-resource based companies offset a slight decrease in financings by resources based companies. The high tech sector claimed the largest share of non-resource financings, accounting for 14 percent of all money raised by VSE companies this year.
 The VSE Composite Index climbed steadily during the last week of October to close at 555.74, up 2 percent over the record low close of 544.62 on Oct. 27. At month-end, the market capitalization of the 1,334 stocks included in the Composite Index was $3.7 billion.
 Of the 1,778 issues listed on the exchange during the month of October, 102 posted new highs and 216 posted new lows. The most active stocks by volume included: Commonwealth Gold (Resource), Calco Resources (Venture), Lytton Minerals (Resource), Melinga Resources (Venture) and Canadian Insulok (Venture).
 The VSE maintained its share of market activity as trading was listless on all Canadian exchanges. The VSE accounted for 25 percent of volume of shares traded and three per cent of total value.
 Listings
 Two new Venture companies listed on the VSE in October, compared to three last month and three in October 1991. Both companies are involved in the exploration and development of natural resource properties. Belcarra Resources' mineral claims are situated in Nevada, while Beaufield Consolidated Resources has interests in Quebec.
 Three reverse takeovers were completed during the month, compared to four last month and two in October 1991. An "RTO" occurs when an established, non-listed company takes over one already listed on the Exchange.
 IVS Intelligent Vehicle Systems completed its RTO on Oct. 15. The British Columbia-based company has produced a system that provides an interface between a vehicle's onboard electronic management system and a PC-based, IBM compatible, diagnostic system.
 Starbase Corp. began trading on Oct. 21. The company, based in California, is involved in "Object-Oriented" software targeted for workstations and the personal computing marketplace.
 Oct. 28 saw Tex Gold Resources resume trading. The company, with assets based in Winnipeg, is now focusing on biotechnology research, primarily an AIDS-related, chemically-synthesized product which may prevent the patient from developing a resistance to drugs.
 One company was upgraded to the Senior Board this month, bringing the total number of companies on the Senior Board to 331. Western Copper Holdings Ltd. is involved in the development of copper properties the Yukon Territory. One company was upgraded last month, and three in the same month of 1991.
 Four companies were delisted from the VSE during the month, compared to two last month and one in October last year.
 -0- 11/4/92
 /CONTACT: David A. Laundy of the Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


JL -- LA040 -- 2691 11/04/92 16:57 EST
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Date:Nov 4, 1992
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