Santiago Stock Exchange and TSX Venture Exchange Celebrate the Launch of a New Venture Market in Chile

News provided by

May 05, 2015, 10:00 ET

SANTIAGO, Chile, May 5, 2015 /CNW/ - Santiago Stock Exchange (SSE) today announced the launch of Santiago Stock Exchange, Venture (SSEV), a new public venture capital market for small and early-stage companies in one of Latin America's largest economies. The announcement was made at a launch event featuring Juan Andrés Camus, Chairman, SSE, Aurora Williams Baussa, Chile's Minister of Mining, José Antonio Martínez, General Manager, SSE, and John McCoach, President, TSX Venture Exchange (TSXV).

TSXV and SSE entered into an agreement in March 2014 to create a streamlined dual listing process providing companies with access to public venture capital markets in both Chile and Canada. Under this agreement, companies listed on TSXV may choose to list on the new market. SSEV is initially focused on capital formation for small and medium enterprises (SMEs) in the mining sector. The new venture market may expand to other industry sectors at a later stage.

"One of the biggest challenges of Santiago Stock Exchange has been to deepen its position as a solid, diversified, competitive and transparent market that attracts national and foreign investors," said Mr. Camus. "The launch of the Santiago Stock Exchange's new Venture Market is part of this strategy. We hope that it will become a viable option for financing early-stage companies and contribute to the growth of the Chilean capital market."

"TSX Venture Exchange is a leading global marketplace for financing and trading SMEs," said Mr. McCoach. "The launch of Santiago Stock Exchange, Venture will help entrepreneurs and emerging companies in Chile to grow their businesses, while also providing new opportunities for TSXV-listed companies who choose to access capital in Latin American markets."

A dual listing on SSEV will allow TSXV-listed companies to not only connect to investors in Chile, but also the investment communities in Colombia, Mexico and Peru through the Latin American Integrated Market (MILA), a program that integrates the capital markets of these countries.

About the Santiago Stock Exchange

The SSE positively contributes to the development of the capital markets and the wealth of Chile, providing companies (issuers) with access to different sources of funding, cooperating in the generation of value for investors, and enabling intermediaries and customers to trade financial instruments in a trusted and transparent environment.

We are leaders in the Chilean capital market, offering issuers, intermediaries and investors a market infrastructure with a high level of efficiency, technology and quality, giving access to a wide array of investment products.

www.bolsadesantiago.com.

About TMX Group (TSX:X)

TMX Group's key subsidiaries operate cash and derivative markets and clearing for multiple asset classes, including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, deposit services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.