The Prospector News

Patagonia Gold Files Delisting Notice With TSX

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Patagonia Gold Files Delisting Notice With TSX






Patagonia Gold Plc (TSX: PAT) (AIM: PGD), the gold producer and advanced mining exploration company with gold and silver projects in the southern Patagonia region of Argentina, today announced it has provided written notice to the Toronto Stock Exchange requesting the delisting of its ordinary shares


from the TSX.

The Company has received confirmation from the TSX that its ordinary shares will be delisted from the TSX with effect from the close of business on July 12, 2013.



Following the delisting from the TSX, Patagonia Gold’s ordinary shares will continue to be traded on the AIM market of the London Stock Exchange under the trading symbol PGD.



The Directors believe the minimal trading volume of its shares on the TSX no longer justifies the expenses and administrative efforts associated with maintaining this dual listing. The Directors believe that Patagonia Gold’s listing on AIM provides its shareholders with sufficient liquidity, as AIM accounts for nearly all of the Company’s current trading volume. Further, the Directors believe that administrative and regulatory efficiencies will be achieved by focusing on the single listing.



The Directors believe that the voluntary delisting will have no impact on the Group’s ongoing operations, nor on its ability to raise further funds, if required, in the future to progress continued development of the Group’s projects. The Directors also believe that shareholders will benefit from the simplified focus and lower cost resulting from the maintenance of only the Company’s original AIM listing.



About Patagonia Gold


Patagonia Gold Plc is an advanced mining exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on the development of three projects: the flagship Cap-Oeste project, the nearby COSE project and the Lomada heap leach project, which is expected to begin generating free cash flow by 2013. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.


Posted July 5, 2013

Share this news article


Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals to Create Highest-Quality Senior Gold Producer

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kirkland L... READ MORE

September 28, 2021

Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland

New Structure Intersected 300 m East of Eastern Trend;  Barge-Ba... READ MORE

September 28, 2021

Benchmark Warrants Fully Exercised As 100,000 Metre Drill Program Will Lead to Resource Expansion and Preliminary Economic Assessment

Benchmark Metals Inc. (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) ... READ MORE

September 28, 2021

Pure Gold Mining Inc. Closes Bought Deal Offering for Gross Proceeds of C$23 Million

Pure Gold Mining Inc. (TSX-V:PGM) (LSE:PUR) is pleased to announc... READ MORE

September 28, 2021

FenixOro Drills 23.2 g/t Gold in Newly Discovered Cascada Vein, Significantly Increases Resource Potential on Northwest Corridor at Abriaqui Gold Deposit

FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is p... READ MORE

September 28, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News