NEX Exchange, a NEX Group (LON:NXG) business which operates a regulated, UK stock exchange for small and medium companies, has just announced that Auxico Resources Canada Inc. (“Auxico”) has been admitted to trading on the NEX Exchange Growth Market.
Auxico was founded in 2014 and is involved in the acquisition, exploration and development of precious (gold and silver) and base metals (coltan) in Colombia and Mexico. Its main operation is the 100% interest in the Mexican Zamora Silver-Gold Property, which has high grade silver and gold reserves.
Auxico’s primary listing is on the Canadian Securities Exchange and this is the first Canadian company to become dual-listed on NEX Exchange using the fast-track procedure which NEX Exchange has established across various stock exchanges around the world. NEX Exchange provides access to capital and liquidity and the Growth Market is the market for early stage, entrepreneurial companies seeking access to growth capital.
NEX Exchange already has a number of mining companies on its markets and gaining a dual-listing broadens the range of potential investors for Auxico at a time when the company is looking to expand and attract investors globally.
As well as the Canadian Securities Exchange, companies listed on the following markets are eligible to apply for a fast-track admissions process on NEX Exchange:
- AIM Market and Main Market – London Stock Exchange
- Australian Securities Exchange (ASX)
- NASDAQ US
- TSX Venture Exchange (TSXV)
Patrick Birley, Chief Executive of NEX Exchange said:
We are delighted to welcome Auxico Resources as our first dual quoted stock with the Canadian Securities Exchange. We have long admired the approach of the CSE and hope that by working together we can offer dual quoted companies greater access to a wide range of investors.
Richard Carleton, CEO of the Canadian Securities Exchange, commented:
We congratulate the team at Auxico Resources for taking advantage of the fast-track procedure we have developed with our colleagues at the NEX Exchange. The listing will open new opportunities for capital raising and secondary market liquidity in the UK for Auxico. We hope that Auxico will be the first of many CSE issuers to join the NEX Exchange.
Pierre Gauthier, Chairman & CEO of Auxico, added:
The dual listing of Auxico’s common shares on the NEX Exchange will provide our Company with access to the capital markets of London, one of the largest financial markets in the world. Access to growth capital from London, through the NEX Exchange, will help Auxico to advance its business plans in Colombia and Mexico, where we have access to significant opportunities in the mining sector. In addition, a NEX Exchange listing makes sense for our Company as a significant portion of our common shares are already held by residents of the UK.
Guy Miller of Peterhouse Capital Limited, corporate adviser to Auxico, concluded:
This is an exciting transaction for NEX Exchange and for us as corporate adviser and believe that Auxico’s quote will open opportunities for UK based investors to be able to invest seamlessly into this Canadian listed company, and set a precedent for further Canadian companies to follow.