TORONTO (miningweekly.com) – Vancouver-based Greystar Resources has hired advisers for a plan to list its shares on the Registro Nacional de Valores y Emisores, as well as on the the Bolsa de Valores de Colombia, both in Colombia.
Greystar's main asset is the Angostura gold/silver project in the South American country.
Both listings will qualify as secondary listings, and the company's primary exchange will remain the Toronto Stock Exchange. It will also retain its listing on London's Aim.
If the applications are accepted, the new listings will help Greystar to widen its institutional and retail shareholder base, the firm said.
However, it is not planning any offerings in conjunction with the proposed listings, and so there will be no dilution to existing shareholders.
“It is our hope that pension funds and individual investors in Colombia will see an investment in Greystar as an opportunity to support their own economy through the responsible development of the country's natural resources," CEO David Rovig said in a statement.
Shares in the company rose 1,9% on Monday, to C$4,29 apiece by 15:59 in Toronto.