It was only a matter of time before San got booted for being under the $300 million mark. Translation: we won't be hit by the index bots anymore or at least not until we're well above the 300 million threshold that many of the index funds have.

Time to hit the gas.

San Gold deleted from S&P/TSX index
Ticker Symbol: C:SGR

San Gold deleted from S&P/TSX index

San Gold Corp (C:SGR)
Shares Issued 325,275,029
Last Close 9/14/2012 $1.08
Friday September 14 2012 - Miscellaneous

Standard & Poor's Canadian index operations have made index changes as a result of the quarterly S&P/TSX Composite Index review. These changes will be effective at the open on Monday, Sept. 24, 2012.

                            S&P/TSX COMPOSITE INDEX DELETION

                                                                                

Issue name                                  Symbol   60/Completion            Live composite GICS sector index



San Gold Corp.                                 SGR      Completion                                   Materials

Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite Index. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate global industry classification standard (GICS) sector index.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

© 2012 Canjex Publishing Ltd.