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Inca One sees new listings as 'logical step' to expand South American presence

27th May 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – Canadian mineral processing firm Inca One has started trading on the Santiago Stock Exchange, Venture (SSEV) market, giving it access to the Latin American Integrated Market (MILA), Latin America’s largest stock-trading platform.

“Listing on the SSEV and giving Inca One access to the MILA is a logical step to expand our South American presence, which becomes increasingly important as we expand production at Chala One and enhance interaction with investors in South America,” president and CEO Edward Kelly commented.

Inca One advised on Wednesday that this listing and platform would ultimately result in the company’s shares also being listed in the corresponding markets of Peru, Columbia and Mexico under the symbol ‘IOCL.’

The company’s stock trading on the SSEV would be denominated in Chilean pesos.

The listing sprouted from an agreement struck last year between Canada’s TSX-V and other venture exchanges, allowing issuers listed on the TSX-V to apply for a dual listing on the SSEV, providing access to investors and new funding opportunities in Latin American capital markets.

The MILA integrated platform allowed investors in Chile, Columbia, Mexico and Peru to seamlessly trade shares listed on any of the four markets through their local broker and stock exchange. The company’s shares were also currently listed on the Frankfurt Stock Exchange under the symbol SU9.

Inca One’s main asset is its Chala One gold milling facility, in Peru, servicing government-permitted, small-scale miners. The company declared commercial production at the facility in March.

Edited by Tracy Hancock
Creamer Media Contributing Editor

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