K92 Mining (KNT) has received the final approval required for its graduation to the Toronto Stock Exchange.
The gold, copper, and silver miner received conditional approval for the upgrade to a more senior exchange in mid-October. Since then, the company has been working to satisfy certain customary requirements which are required to gain full and final approval for the transition.
At the time, K92 Mining described the graduation as a reflection of the company’s ongoing growth strategy and strong performance to date. In particular, the miner saw the listing as a route to an expanded investor audience, and improved share liquidity.
K92 Mining’s CEO, John Lewins, commented on the impending move to the TSX, and the potential benefits it could provide to the company’s gold mine in Papua New Guinea.
“This listing on the TSX represents another significant milestone for K92 and its shareholders as we continue with our successful growth story at the Kainantu Mine,” he said.
“The TSX is Canada’s premier stock exchange and this move is reflective of the company’s progress and potential,” he added.
John went on to say that the TSX listing will increase K92 Mining’s visibility, and provide access to a broader range of institutional investors and capital markets.
K92 Mining will begin trading its common shares on the TSX at market open tomorrow, December 9, 2020. The company’s shares will continue to trade under the ticker code KNT.
In conjunction with the new listing, K92 Mining’s shares will be voluntarily delisted from the TSX Venture Exchange tomorrow.
K92 Mining is up 1 per cent and trading for $8.07 per share, as of 12:58pm EST.