Skeena Resources (TSXV: SKE) is going big time. The BC-based miner this morning announced that it will be upgrading its public listing from the TSX Venture to that of the Toronto Stock Exchange, for which it has been granted final approval by the exchange. Shares in the exploration firm will begin trading on the big board as of this morning.
Trading of the equity on the Venture exchange as a result has been halted as of August 19, 2020, given that the uplisting is effective as of this morning. The symbol will remain unchanged through the uplisting, while the company will be continue to be cross listed on the OTCQX as well under the symbol SKREF.
The move to uplist is said to have been pursued by the company as it looks to take its next step in terms of growth. The big board is expected to enable the company to attract a wider swathe of investors as well as expose the company to larger pools of capital, both locally and abroad.
Skeena Resources last traded at $2.62 on the TSX Venture.
Information for this briefing was found via Sedar and Skeena 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.
