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TSX Venture Exchange rules out mass culling of ‘zombies’

The TSX Venture has been mauled by the commodity price collapse and lack of financing for junior resource firms.

Despite the about some critics, a culling from the TSX Venture Exchange is not about to take place.

Venture president John McCoach confirmed that while the exchange is looking at every possible choice to “revitalize” its business design, full of delisting has been ruled out.

“We did look at that seriously,” he said within an interview. “We think there’s room to make our continued listings standards simpler. But because far as moving the bar up or down, we think it’s within the right place.”

The Venture has simply been mauled by the commodity price collapse and insufficient financing for junior resource firms. The S&P/TSX Venture Composite Index, despite rising 11 per cent this season, is down an astonishing 83 per cent from its 2007 peak.

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