TORONTO (miningweekly.com) – Cash-strapped African Copper would voluntarily delist its shares from the Toronto Stock Exchange at the close of trading on Wednesday, after getting approval from the exchange, the company announced earlier in the day.

The delisting is a condition of a recapitalisation agreement with JSE-listed Zambia Copper Investments.

African Copper shares will continue to be listed on London's Alternative Investment Market, and on the Botswana Stock Exchange.

African Copper owns the Mowana copper mine, in Botswana, which was put on care and maintenance in January because of weak metals prices.

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.