▲ Up
 akipress
15:37 26-09-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Canada’s Erdene is Mongolia exchange’s first cross-listed firm
Central Asia | business | 11:59, 15 June 2018 | 609

AKIPRESS.COM - Erdene Resource Development has launched a secondary listing of its common shares on the Mongolian Stock Exchange (MSE), becoming the first cross-listed, and only precious metals exploration company listed on the MSE, Mining Weeklyreports.

Erdene, which has interests in four exploration licences and a mining licence in south-west Mongolia, has worked for two years with the government of Mongolia to develop the necessary framework to accommodate cross listings of companies that are listed on international exchanges.

“The government of Mongolia has long expressed interest in having international investors list their mining and exploration projects on the MSE as a means to develop its capital market while providing shared benefits to local investors,” Erdene CEO Peter Akerley commented on Thursday.

He added that the company had witnessed a high level of investor and public interest in Erdene’s listing.

The company has offered four-million shares to Mongolia residents, which would raise $1.38-million. The proceeds of the offering would be used to advance the Bayaran Khundii and Altan Nar gold project, as well as other exploration properties in the country.

The shares issued under the offering would start trading on the MSE on June 19. Under current Mongolian regulations, the shares listed on the MSE may only be traded through the facilities of the MSE until delisted or until cross-border trades are permitted by Mongolian authorities.

LATEST NEWS
15:26 Fighter aircrafts, tanks, helicopters, missiles destroy base of terrorists during anti-terror drill in Kyrgyzstan15:17 Kumtor production by year end expected to prevail forecast15:10 Bishkek is preparing 192 buses for decommissioning and intends to buy 50-60 new gas buses15:05 Orange turns purple: Australian scientists solve fruit mystery14:58 ADB: 2018 forecast now lower for Kyrgyzstan as mining output slows14:52 Entire police force in Mexican resort of Acapulco probed over alleged drugs ties14:48 ADB revises its growth outlook for Mongolia to reach 6.4% in 2018 and 6.1% in 201914:41 Candidate for Ombudsman of Kyrgyzstan denies use of force while working at national security agency14:32 President of Basketball Federation of Kyrgyzstan to go to 2018 Summer Youth Olympics as coach14:27 Candidate for Ombudsman says MP Suleimanov foreign national14:25 Kyrgyz artist draws Turkish President and Emir of Qatar shaking hands for Qatari Embassy13:20 Protection of rights of children, women and migrants. Candidates for Ombudsman present their programs in Parliament13:20 Moscow hosts events dedicated to State Language Day of Kyrgyzstan13:01 One of candidates for Ombudsman of Kyrgyzstan revokes candidacy12:55 Bishkek hosts meeting of CIS commission on peaceful use of atomic energy12:53 Kazakhstan, Kuwait to launch direct flights12:39 Ambassador of Kazakhstan to Kyrgyzstan visits Bozymchak field12:12 Russian Su-25 assault aircraft force a hijacked plane to land within international drills in Kyrgyzstan12:03 Incidence of whooping cough on the rise in Kyrgyzstan11:48 Nature of Kyrgyzstan: Lake Son-Kul from bird's eye view
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06