The contest is currently broken into two rounds of competition. The preliminary round has traditionally consisted of 15 multiple choice questions to be answered within 45 minutes, and is marked by a teacher at the school using an answer key provided. The nature and extent of these activities varies from college to college. Prizes for the final round competition are usually presented before the students leave for the day.
Prizes can be books, cash or scholarships, again depending on the sponsoring college.
In 1999 we had 9 sponsoring colleges in the province, thereby making this contest the closest thing to a provincial mathematics contest that we have. Contest problems are generated by a committee of faculty primarily from these sponsoring colleges. The questions usually vary in level of difficulty, but the intent is that every reasonably good high school student can be successful at many of the questions with only a few problems of the more challenging variety.