Canadian miner Allied Gold is heading for the NYSE, with its shares expected to start trading in New York when the market opens on Monday, June 9, under the ticker ‘AAUC’.
The company’s shares will continue to trade on the TSX under the same ticker symbol.
The listing on the NYSE represents a milestone for Allied, which believes that bourse will offer it access to a broader investor audience, increased sources of potential capital, improved trading liquidity, and increased research coverage from US investment banks.
The listing is also expected to provide the opportunity for broader index inclusion.
Concurrent with the start of trading on the NYSE, the company’s common shares will cease trading on the OTCQX market.
Allied operates three producing assets and development projects in Côte d’Ivoire, Mali, and Ethiopia.