Allied Gold to list on NYSE
me-metals: Allied Gold (TSX: AAUC) is set to begin trading on the New York Stock Exchange starting Monday, June 9, after obtaining all regulatory approvals. The stock will trade under the ticker symbol “AAUC” — same as its Toronto-listed shares.
According to me-metals cited from mining.com, In a press release issued Tuesday, Allied said the NYSE listing approval “represents a significant milestone” that reflects the continued growth of its business.
The Canadian gold miner currently operates three producing assets and development projects located in Côte d’Ivoire, Mali and Ethiopia. Together, they hold approximately 11 million oz. in reserves.
In preparation for the NYSE listing, the company announced last month that it will consolidate its issued shares on a three-for-one basis. As of midday Tuesday, the TSX-listed shares traded at C$20.64 each for a market capitalization of C$7.1 billion ($5.1bn).
Once listed on the NYSE, Allied said its shares on the OTC market will cease trading.
source: mining.com
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