TSX Venture Exchange today announced the TSX Venture 50, the first ever ranking of Canada’s top emerging public companies.

The TSX Venture 50 are the top 10 companies in each of five major industry sectors — Mining, Oil & Gas, Technology, Life Sciences and
Diversified Industries — based on a ranking formula with equal weighting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of August 31, 2005.

The top companies in the five industry sectors were:

  • CV Technologies Inc. (CVQ) – Life Sciences;
  • Laramide Resources Ltd. (LAM) – Mining;
  • Capitol Energy Resources Ltd. (CPX) – Oil & Gas;
  • Raymor Industries Inc. (RAR) – Diversified Industries; and
  • Icron Technologies Corporation (IT) – Technology.

CV Technologies Inc. of Alberta also emerged as the top company
overall.

The exchange notes that 50% of the 2005 TSX Venture 50 went public via TSX Venture’s Capital Pool Company Program, and four of the 50 have graduated to Toronto Stock Exchange since the compilation of the ranking on Aug. 31, 2005.

“We are very proud to launch the TSX Venture 50 to celebrate the achievement of our issuers,” said Linda Hohol, president, TSX Venture Exchange, in a release.

“The impressive list of companies demonstrates that TSX Venture Exchange is a unique incubator for public companies, and the companies in the TSX Venture 50 are proof that this market is working.”

For a complete list of the 2005 TSX Venture 50 companies, please refer to the accompanying news release.