Bayfield Ranks Third Out of the Ten Mining Companies to Make the TSX Venture 50(R)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/15/11 -- Bayfield Ventures Corp. (TSX VENTURE: BYV) (FRANKFURT: B4N) (the 'Company') is pleased to announce that the TSX Venture Exchange today announced its 2011 TSX Venture 50®, a ranking of strong performing companies listed on TSX Venture Exchange.
The 2011 TSX Venture 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage. The 2011 TSX Venture 50 is comprised of ten companies from each of five sectors; Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. 'Our market provides a unique growth opportunity for early stage companies, and we are very pleased to celebrate the success of these issuers,' said John McCoach, President of the TSX Venture Exchange.
Bayfield Ventures ranked third out of the ten mining companies that made the TSX Venture 50.
An event will be held to celebrate the 2011 TSX Venture 50. Awards will be presented to the Top 50 companies, and brief presentations will be made by representatives from the top company in each sector. The event will also feature a panel of sector analysts who will discuss recent industry trends. The event will conclude with a networking reception.
The 2,154 companies listed on TSX Venture Exchange as of December 31, 2010 were analyzed according to the following measures to determine the 2011 TSX Venture 50: Listed on TSX Venture Exchange (not NEX) on December 31, 2010; market capitalization greater than C$5 million on December 31, 2010; Closing share price greater than $0.25 on December 31, 2010; share price of at least C$0.10 on December 31, 2009; Listed on TSX Venture Exchange more than one year as of December 31, 2010.
View the 2011 TSX Venture 50 rankings list and methodology: http://www.tmx.com/en/pdf/tmxmoney/2011_V50_rankings_list.pdf
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of NW Ontario adjacent to Rainy River Resources. The Company has approximately 53 million shares outstanding and over $7 million in its treasury.
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
For further information on Bayfield Ventures Corp. (TSX VENTURE: BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Contacts:
Bayfield Ventures Corp.
James G. Pettit
Chairman and CEO
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
Bayfield Ventures Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@bayfieldventures.com
Envoy Strategic Partners Investor Relations
Jay Bedard
416-977-7778
jay@envoystrategicpartners.com