Mariana Resources Ltd the AIM listed exploration and development company with projects in Turkey and South America, has told DirectorsTalk that the board of Mariana has taken the decision to pursue a dual listing of the Company on the TSX Venture Exchange (“TSX”), whilst retaining the current AIM listing.
Chief Executive Officer Glen Parsons today commented: “Mariana believes that the decision to dual list the Company comes at an opportune time as the market begins to show positive signs, specifically in relation to gold. The high grade Hot Maden gold-copper development project in Turkey and the Argentine gold portfolio is becoming increasingly attractive to North American investors.
“Furthermore Mariana’s visibility has grown significantly over the last two years and the Company has gained a stronger institutional following, particularly from Canada and the US. This interest will play a role in ensuring Mariana’s ability to move its portfolio forward in an efficient manner. Given this increasingly stronger following, Mariana believes creating a platform to facilitate the ability to trade on an accessible exchange for North Americans is a priority.
“The dual listing will also give Mariana access to a wider capital pool for future fund raising as markets continue to improve. Mariana is familiar with the TSX exchanges and commitment to this market will be fully supported. We anticipate the process to complete in 2-3 months and, accordingly, Mariana’s market visibility will be increased.”
