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Canada continues to be the world’s leading capital market for natural resource companies. During 2009, mining companies listed on the Toronto Stock Exchange (the “TSX”), Canada’s senior market, or on the junior TSX Venture Exchange (the “TSX-V”), raised in excess over C$22 billion in equity financings. This represented about the same as the amount raised on the London Stock Exchange (“LSE”)/AIM, however 90% of the LSE/AIM figure was represented by two transactions (Rio Tinto $12.4 billion and Xstrata $7.2 billion). In addition, the oil and gas sector remained strong with TSX and TSX-V listed companies raising over C$9.2 billion in 2009. Notwithstanding the “challenging” first five months of 2010, TSX and TSX-V listed mining companies raised over C$6.2 billion and oil and gas companies C$4.3 billion.