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VANCOUVER STOCK EXCHANGE TRADING SLIPS DURING JULY

 VANCOUVER STOCK EXCHANGE TRADING SLIPS DURING JULY
 VANCOUVER, British Columbia, Aug. 7 /PRNewswire/ -- Trading


activity on the Vancouver Stock Exchange (VSE) slowed on lower prices during July as both volume and value for the month edged below June's totals.
 Volume of shares traded eased by 8 percent from last month to 281 million shares while value dropped by 16 percent to $253 million.
 A moderate gain in trading activity in the resource section increased the exchange's senior board share to 15 percent of the total volume and 44 percent of the value, both up over the previous month.
 More than half of the value on the senior board was in the form of large transactions (greater than $500,000 in value), which were up marginally over the previous month to a total value of $56 million.
 Financings on the VSE declined slightly during July from the previous month as a 13 percent gain in private placement financings was not enough to offset declines in initial and listed company public offerings.
 The VSE Composite Index slipped by 5 percent during the month, as the Commercial/Industrial and Venture Indices declined by 9 percent and 6 percent respectively while the Resource Index added 2 percent to its value. At the end of June the market capitalization of the 1,414 stocks included in the Composite Index was $4 billion.
 Of the 1,939 issues listed on the exchange during the month of June, 105 posted new highs and 169 posted new lows. The most active stocks by volume included: Riva Petroleum (venture), United Pacific Gold (venture), Commonwealth Gold (resource), Spatializer Audio Laboratories (venture) and Kalahari Resources (venture).
 Listings
 Two new resource-based venture companies were listed on the VSE in July: Montana-based Blue Ribbon Resources Ltd. and Greystar Resources Ltd., with head office in Vancouver and assets in Ontario. This month's new listings compared to five last month and four in July 1991.
 Five reverse take-overs ("RTO") were completed during the month, compared to three last month and two in July 1991. An "RTO" occurs when an established, non-listed company takes over one already listed on the exchange.
 The first company to complete an RTO during the month was McCulloch's Canadian Beverages Inc. Based in Vernon, British Columbia (B.C.), the company manufactures and markets a bottled sparkling spring water beverage.
 Spatializer Audio Laboratories, based in Vancouver, with assets located in California, has developed a sound recording and playback system which permits two speakers to create a three-dimensional sound space.
 Also completing its reverse take-over in July was ABAC Resources Ltd. Based in Pentiction, B.C. the company is involved in developing and marketing educational software programs.
 Vancouver Golden Kristy Resources Ltd. entered the computer software industry after acquiring all the assets of two other companies. Its product is a high resolution video display technology for microcomputers that enhances the resolution of monitors.
 Another high-tech company completing an RTO was InContext Systems Inc. Based in Toronto, Ontario, the company entered the computer software business with a product that provides graphics that interact with standard word processors.
 Two companies were upgraded from the venture section to the senior board this month, compared to four last month and none in 1991. Both companies were upgraded to the resource section.
 One company was delisted from the VSE (at the request of the company) during the month, compared to four companies last month and the same number in July 1991.
 -0- 8/7/92
 /CONTACT: Derrick J. Walker of Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


LS-AL -- LA012 -- 8100 08/07/92 15:05 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
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