On June 7, 2012, the Bolsa de Valores de Colombia
("BVC"), Toronto Stock Exchange ("TSX"), and
TSX Venture Exchange ("TSX-V") announced the execution of
a Memorandum of Understanding ("MOU") to promote
cooperation among the securities markets in Colombia and
Under the MOU, the BVC, TSX and TSX-V will exchange certain
information and undertake specific activities to facilitate the
dual listing of companies in Colombia and Canada and assist one
another in understanding the regime, process and rules for listing
and trading securities in their respective jurisdictions.
Juan Pablo Cordoba, President of the BVC noted that the MOU
"seeks to bring together Colombian and Canadian markets"
while Ungad Chadda, Senior Vice President of the Toronto Stock
Exchange remarked that "we are extremely pleased to add this
MOU to our well-established commitment to the Latin American
As of April 30, 2012, five companies were dually listed on the
TSX and the BVC. A total of 19 companies listed on the TSX and 43
companies listed on the TSX-V have operations in Colombia.
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