Dundee Corp invests in CNSX Markets

By Marc Castro

Sep 30, 2013 10:18 PM EDT

Urbana Corp backed CNSX Markets received an investment from Dundee Corp. This was announced by the three firms after a strategic investment was made in the Canadian National Stock Exchange and Pure Trading operator. 

Part of the transaction included the appointment of Dundee's President and CEO Ned Goodman being appointed as Deputy Chairman of the CNSX Board of Direrctors. 

According to Urbana President and CEO as well as CNSX Chairman Thomas Caldwell, 'We are pleased to welcome a business leader of Ned's stature to the Board. With his contribution we expect to accelerate the steady growth CNSX has seen this year, as we continue to enhance CNSX's role as the 'Exchange for Entrepreneurs' in Canada."

For Dundee Corp CEO Goodman, "I have been impressed for some time with CNSX's approach to helping entrepreneurs access the public capital markets in Canada. The CNSX model reduces the time and expense companies face in going public, and in maintaining a listing along with a high level of continuous disclosure. As a lifelong entrepreneur, I have no problem encouraging and inviting the management and boards of entrepreneurial Canadian public companies to consider the benefits of a CNSX listing."

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