Commission Schedule
"We trade all U.S. and Canadian exchange-listed and OTC stocks,
and also warrants and ADRs"

NO extra charge for Canadian stocks or stocks under $1.00
NO minimum charge per share

Plus $8.00 handling fee per trade.
Legend removal and sale of restricted securities: 2% minimum commission. Ancillary service fees are unrelated to commissions and subject to change: returned check, $40; trade extension, $10; full transfer of account, $30; transfer and ship certificate, $25; legal transfer, $25; physical reorganization, $20; stop payment, $15; one year inactivity fee (no trades for entire year and under $10,000 cash in account on Dec 31), $35. More information on request.

Save up to 60% or more on your Canadian stock trades

Save up to 60% or more on your Canadian stock trades with Pennaluna's discount commissions. Savings are especially good on cheaper stocks -- where other brokers may pile on heavy minimum charges per share... while we don’t. And we'll also probably get you better order fills than they do, saving you even more money.

For example,an investor we know used one of the giant "discount" firms to buy 5,000 shares of Canadian-listed stock at $0.50 (U.S.). He paid a $200 commission. For the same trade, we charge just $65 plus an $8 handling fee -- $73 total -- a savings of $127... or over 63%. (Now he uses Pennaluna.)

Why not save money on your Canadian trades?
Call or e-mail for information today.

How To Open a New Account

There is no minimum investment required to open a new account with us. A new account can be funded by cash ... check .... wire transfer to our bank ... or transfer of securities and/or credit balance from another brokerage account.

To receive a new account application form, please do one of the following:

1. call us toll-free at 800-535-5329
2. or fax us at 208-664-2283
3. or Email us at pennaluna@pennaluna.com
4. or snail mail us at :
   Pennaluna & Company,
   421 Sherman Avenue, Coeur d’Alene,
   Idaho 83814
5. or download forms here: www.pennaluna.com/account.htm

Copyright © 2004 Pennaluna & Company
All Rights Reserved