Allied Gold (TSX: AAUC) is readied to start trading on the New York Supply Exchange beginning Monday, June 9, after acquiring all governing authorizations. The supply will certainly trade under the ticker sign “AAUC”– like its Toronto-listed shares.
In a news release provided Tuesday, Allied stated the NYSE listing authorization “stands for a considerable landmark” that shows the ongoing development of its organization.
The Canadian gold miner presently runs 3 creating possessions and advancement jobs situated in Côte d’Ivoire, Mali and Ethiopia. With each other, they hold around 11 million oz. aside.
To prepare for the NYSE listing, the business introduced last month that it will certainly settle its released shares on a three-for-one basis. Since lunchtime Tuesday, the TSX-listed shares traded at C$ 20.64 each for a market capitalization of C$ 7.1 billion ($ 5.1 bn).
As soon as provided on the NYSE, Allied stated its shares on the OTC market will certainly discontinue trading.
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