Sirocco Mining Inc. (TSX: V.SIM, Stock Forum) said its common shares will commence trading on the Toronto Stock Exchange on October 3, 2012.
As a result, Sirocco’s shares will be delisted from the TSX Venture Exchange at the close of trading on October 2, 2012, the company said in a press release.
“Sirocco’s graduation to the TSX reflects its strong financial position and status as one of the world’s top Iodine producers,’’ said Sirocco Chief Executive Officer Richard Clark. The company is producing iodine from its Aguas Blancas mine in northern Chile.
Trading at 74 cents, Sirocco has a market cap of $184.6 million, based on 249.4 million shares outstanding. The 52-week range is $1.34 and 40 cents.