Trading Symbol: GFG - TSX Venture
VANCOUVER, April 30 /CNW/ - egX Group Inc. (formerly Global Financial
Group Inc.) reports that it has filed an application with the Department of
Finance (Canada) for the recognition of egX Canada as a "prescribed stock
exchange" under the Income Tax Act (Canada). This represents another important
milestone in the deployment of the new marketplace.
Shares listed on a prescribed stock exchange are eligible investments for
registered retirement savings plans, registered retirement income funds and
deferred profit-sharing plans. In addition, shares listed on a prescribed
stock exchange are qualified securities for rules pertaining to
securities-lending arrangements, and excluded from the application of
withholding requirements under section 116 of the Income Tax Act (Canada).
About egX Group
egX Group, through its wholly owned subsidiary egX Markets, is developing
the egX, a global securities exchange system designed for the listing and
trading of real estate securities. The Company will launch its first
marketplace in Canada under egX Canada, a wholly owned subsidiary of egX
Group. Following the launch of egX in Canada, egX Group intends to develop its
model internationally, creating a global market for real estate securities.
On behalf of the Board of Directors
Leo Chamberland, Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: visit us at www.investment.com, contact the
Company at (604) 681-7210, or review the most recent Annual Information Form
filed on SEDAR (www.sedar.com). We also invite you to read the Company's
business plan made available on the front page of our website.