In July 2008, Rogers announced it would trade CIGM to Newcap Broadcasting in exchange for Halifax AM station CFDR. Both stations were the sole remaining AM stations in their respective markets, and in both cases the original owner already had the maximum permitted number of FM stations in the applicable market, whereas the acquirer only had a single FM station. Both companies applied to move the stations to FM as part of the trade. Newcap applied to convert CIGM to 93.5 MHz with an effective radiated power of 100,000 watts.