TORONTO (miningweekly.com) – TSX Venture Exchange-listed Mandalay Resources has received conditional approval to list its shares on the TSX, the firm announced on Friday.

The company is still waiting for confirmation of the date when the shares will start trading on the TSX, but expects it will be “shortly”.

"We are extremely pleased to have received conditional listing approval from the TSX. This is a major milestone for the company as it moves forward with its acquisition and growth strategy and will enable us to reach a larger pool of institutional investors," CEO Brad Mills said in a statement on Friday.

Mandalay has announced a flurry of acquisitions in the last ten months or so, three of which were for assets in Chile.

The company acquired AGD Resources from Canada's Western Coal in December, signed an option agreement to buy the El Caballo Blanco property, acquired the La Quebrada copper/silver deposit and announced last month it would buy the Cerro Bayo silver/gold mine in Chile from Coeur d'Alene mines.

AGD Resources' main asset was the Costerfield gold/antimony mine in Australia.

Mills is a former CEO of the world's third-biggest platinum producer, Lonmin.

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