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Canadian Stock Exchange announces departure of Thomas S. Caldwell from Board of Directors



Steve Blake appointed new president

Toronto, Ontario – (Newsfile Corp. – September 14, 2020) – The Canadian Securities Exchange (“CSE” or “The Exchange”) today announced that Thomas S. Caldwell, who has served as Chairman of CSE since 2012, is resigning of this role effective today, and will step down from the Board of Directors at its Annual General Meeting on September 29, 2020. Steve Blake has assumed the role of Chairman. Today’s decision is prompted by the implementation of new recognition orders for the Exchange from the Ontario and British Columbia securities commissions, which require the Exchange to have an independent director as chairman of the board.

Mr. Caldwell, President and CEO of Urbana Corporation, has played a huge role in the success of CSE. In December 2012, Urbana led the recapitalization of CNSX Markets Inc., which operates the CSE. Since then, he has been intimately involved in supporting the CSE’s strategy and driving its growth. At the time of Urbana’s investment, CSE had 189 listings, an average daily trading volume of 4.22 million shares, and a cumulative market cap for all of its securities of $ 1.18 billion. Today, the CSE is a major global exchange with 607 listings, an average daily trading volume of 101.62 million shares, and a cumulative market capitalization of $ 25.33 billion.

“It is impossible to overstate the contribution of Tom Caldwell to the success of the Canadian Stock Exchange,” said Richard Carleton, CEO of CSE. “His knowledge of the stock market is second to none. The success we have had in capitalizing on growth opportunities, including in the cannabis sector, is directly attributable to his leadership. To put it simply, the CSE wouldn’t be where it is today without him. “

“I could not be more proud of what the CSE team has accomplished over the past eight years,” said Mr. Caldwell. “In 2012, I recognized that Canada needed a strong alternative platform that truly met the needs of emerging issuers. Today, there is no doubt that the CSE has kept its promise and is recognized as a preferred option in the public market for large entrepreneurs. Indeed, it exceeded my expectations by attracting announcements from very important global companies. “

Mr. Blake has been a director of CSE since June 2018 and has over 20 years of experience in financial leadership roles with a wide range of companies. He is currently the Chief Operating Officer of the Child Development Institute, a licensed children’s mental health agency in Toronto. He previously served as Chief Financial Officer of the Canadian Depository for Securities Limited.

“I am honored to be named President of the Canadian Stock Exchange,” said Mr. Blake. “While no one can truly replace Tom Caldwell, I am confident that we have in place an exceptional leadership team that is well equipped to lead the next stage of CSE’s growth and continue to provide superior service to all of its stakeholders. .

The Canadian Securities Exchange is a fast growing stock exchange that focuses on working with entrepreneurs to access public financial markets in Canada and abroad. The efficient operating model of the exchange, advanced technology and low fee structure help companies of all sizes to minimize their cost of capital and maximize access to liquidity.

The CSE promotes positive working relationships with issuers, offering greater responsiveness to their specific needs. It provides investors in Canada and abroad with access to multi-industry stability of growth companies through a liquid, reliable and highly regulated trading platform. The exchange strongly supports entrepreneurship and has established itself as a discourse hub in the entrepreneurial community. and our blog at “data-reactid =” 42 “> For more information, please visit and our blog at

[email protected]“data-reactid =” 43 “> Contact:
Richard Carleton, CEO
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What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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