TSX: ORG
Last: 0.52
Change: -0.01
Vol: 21,705

News

S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

A Spinout in the S&P/TSX Venture Composite and Venture Select Indices

TORONTO, April 3, 2013 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

On Thursday, March 28, 2013, the shareholders of Canaco Resources Inc. (TSXVN:CAN) approved the spinout of certain assets of Canaco to a new company called East Africa Metals Inc. Final court approval for the transaction is expected today, April 3, 2013. Shareholders of Canaco will receive 1 share of East Africa Metals for every 3 shares held. East Africa Metals will be added to the S&P/TSX Venture Composite and Venture Select indices at zero price after the close of Thursday, April 4, 2013. It is anticipated that East Africa Metals will be listed on TSX Venture Exchange under the ticker symbol "EAM" but the listing date is uncertain at this time.

Separately, after the close of Monday, April 8, 2013, the shares of Canaco will be consolidated on a 1-for-3 basis. The name of the company will be changed to Orca Gold Inc. and the shares will trade on the TSX Venture Exchange under the new ticker symbol "ORG".

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

SOURCE: Standard & Poor's Canadian Index Operations

Tony North

Director, Canadian Index Operations

S&P Dow Jones Indices

[email protected]

416-507-3204

David Blitzer

Managing Director and Chairman of the Index Committee

S&P Dow Jones Indices

[email protected]

212-438-3907

Subscribe for Company Updates