Southern Cross Gold (ASX:SX2) has been approved to trade on the Toronto Stock Exchange (TSX) as of market open Wednesday 2 July, immediately delisting from its previous platform, Toronto Stock Exchange Venture (TSX-V).
This shift represents the platform’s recognition of the company as it moves away from junior issuing to be listed on the primary market with senior issuers.
CEO Michael Hudson says the Southern Cross’ graduation to the main TSX board will allow it access to “deeper capital markets, improved liquidity, and a broader institutional investor base,” signifying a milestone for the company.
“TSX-listed companies are viewed as more established investment opportunities, and this graduation opens the door to enhanced institutional investment and potential index inclusion opportunities,” Hudson says.
“Institutional investors are increasingly focused on Tier 1 Western-domiciled antimony and gold assets, and combined with our continued ASX listing, we now offer investors enhanced trading flexibility across dual major exchanges.”
Southern Cross Gold is an explorer focusing on the progression of its Sunday Creek Gold-Antimony Project in Victoria, Australia.
Write to Maddison Elliott at Mining.com.au
Images: Southern Cross Gold
