https://www.miningweekly.com

West African drops Canadian listing

25th February 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Copper/gold explorer West African Resources on Monday told shareholders that it has applied for a voluntary delisting of its shares from the TSX-V.

The company’s shares were expected to cease trading on the Canadian bourse on March 8.

The gold developer said that the decision to delist resulted from a number of factors, including limited trading of the company’s shares on the TSX-V over a sustained period of time.

Over the last 12 months, some 85% of the company’s share trading occurred on the ASX, with the average daily volumes of shares traded on the ASX reaching 500 000 over the last six months, compared with the 90 000 on the TSX-V.

In addition, West African noted that only around 9.5% of the company’s shares were held on the Canadian share register.

Canadian shareholders could now move their shareholding in the company to the Australian share register, with the Canadian share register to close after April 30.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.704s - 110pq - 2rq
Subscribe Now