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VANCOUVER STOCK EXCHANGE STOCK PRICE CLIMB CONTINUES DURING MAY

 VANCOUVER, British Columbia, June 7 /PRNewswire/ -- Stock prices continued to climb as May trading activity in Vancouver doubled that of the same period last year.
 The value of shares traded during the month increased by 161 percent over last year and 7 percent over last month to $675 million, the highest monthly value since September 1987. While the volume of shares traded during the month increased by 82 percent over the same period last year to 531 million, it decreased slightly from the record setting month of April 1993.
 The Composite Index continued its ascent ending the month at 973.73, an increase of 6 percent over April's close. The Resource Index led all VSE sub-indices in growth for the fourth consecutive month, posting a 15 percent gain during May. The Commercial/Industrial and Venture Indices followed with respective gains of 5 percent and 4 percent. At the end of May, the market capitalization of the 1,285 companies included in the Composite Index was $6.5 billion.
 Financings for May doubled those of the previous month as companies involved in the Venezuelan gold play took the opportunity to raise funds for exploration. The total financings for the month were $124 million, the highest since 1988.
 The Exchange's Senior Board accounted for 18 percent of total volume and 33 percent of total value, up marginally over the previous month.
 The VSE's share of volume of shares traded on all Canadian exchanges declined marginally to 23 percent, while its share of total value climbed to 5 percent.
 Of the 1,802 issues listed on the exchange during the month, 232 posted new highs while 82 posted new lows. The most active stocks by volume included: Adrian Resources (Resource), Chutine Resources (Venture), Commonwealth Gold (Resource), Calco Resources (Venture) and Golden News Resources (Venture).
 A logging and forestry company was the single new listing on the Vancouver Stock Exchange in May, compared with two new companies last month and two in May of 1992. Based in 100 Mile House, with assets in Clinton, Lilloet and Savona, Ainsworth Lumber was posted and called for trading on May 20, 1993. Ainsworth Lumber is a Senior Board company in the Commercial/Industrial section.
 During the month of May there were five reverse take-overs completed compared to four last month and one in May of 1992. An "RTO" occurs when a non-listed company takes over one already listed on the exchange.
 Completing their reverse take-overs during May were: Air-laid paper producer, Concert Industries Ltd. which began trading on May 3. Euro-Ad Systems Inc. manufactures and distributes multiposter advertising units and began trading on the VSE on May 10. International Hi-Tech Industries, began trading May 20, and is now involved in the designing and manufacturing of building technology. Chandeleur Bay Production Co. is an exploration and development company which began trading on May 26, and Urban Juice and Soda Co., listed May 27 and is involved in the marketing and distribution of premium beverage products. All companies are classified as Venture, except West Coast Forest Products, which is listed on the Commercial/Industrial section.
 Seventeen companies were delisted in May, compared to six last month and 12 in May of 1992.
 -0- 6/7/93
 /CONTACT: David A. Laundy, Vancouver Stock Exchange, 604-689-3334/


CO: Vancouver Stock Exchange ST: British Columbia IN: FIN SU:

JL -- LA014 -- 5842 06/07/93 09:06 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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