Canaccord Capital Inc. today announced the completion of its acquisition of Adams Harkness Financial Group, Inc. a Boston, Mass.-based institutional investment bank.

The deak signals a new identity for Canaccord’s capital markets operations — Canaccord Adams. Canaccord Adams provides institutional and corporate clients an internationally integrated distribution platform and focused sector expertise, focusing on a small- to mid-cap market niche.

Canaccord says the addition of Adams Harkness to its existing platform will allow for enhanced client service in M&A, corporate finance, institutional sales and trading execution.

Canaccord Adams will facilitate distribution of Canaccord’s portfolio of products and services in three core capital markets – Canada, the United States and Europe. This access builds upon an established focus on the global small- to mid-cap market niche and offers clients expertise in the metals and mining, energy, technology, life sciences and diversified sectors.

The consideration for the closing of the acquisition included US$8 million in cash and the issuance of 1,342,696 Canaccord Capital Inc. common shares from treasury at $10.50 per share. These shares will be held in escrow until June 30, 2008, with annual releases of one-third per year, beginning on June 30, 2006.