Novo Resources (TSXV: NVO) this evening announced that it has received conditional approval to move its listing from the TSX Venture to the Toronto Stock Exchange. The move will be applicable for both its common shares and common share purchase warrants, both of which are listed on the TSX Venture currently.
A timeline was not provided for the move, with the company remaining subject to final approval from the exchange. That approval is conditional on Novo meeting standard listing conditions. Trading symbols are expected to remain the same for the company.
Commenting on the move, Chairman Dr Quinton Hennigh stated, “Novo has grown dramatically since the Company’s initial public offering and listing on the Canadian Securities Exchange in June, 2010. [..] Given Novo’s international exposure, we believe it is time to graduate to the TSX, one of the premier exchanges for publicly traded companies, in order to enhance liquidity of Novo’s stock and extend Novo’s appeal to the international investment community.”
Novo Resources last traded at $2.15 on the TSX Venture.
Information for this briefing was found via Sedar and Novo Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.