JOHANNESBURG (miningweekly.com) – Toronto-listed Orezone Gold Corporation has been conditionally approved to voluntarily move its current common share listing on the TSX to a Tier-1 listing on the TSX-V.
The listing change would allow the company to reduce its future general and administration costs, given the different disclosure and regulatory standards,
but continue to maintain its strict accounting and reporting guidelines.
The company's common shares would start trading on the TSX-V under the same symbol ORE at the open of trading on December 21 and would continue to trade on the TSX until the move was completed.
Canada-based Orezone owns a 100% interest in the Bomboré oxide gold project, in West Africa.
The company has completed a feasibility study and is progressing through a mining permit application at Bomboré, with approval expected in the first quarter of 2016.