Braúna diamond mine. Credit: Osisko Gold Royalties
Canadian diamond miner Lipari Mining (Cboe CA: LML) has officially begun trading on the Cboe Canada stock exchange following the completion of its recently announced reverse takeover (RTO).
“Listing on Cboe Canada marks a major milestone in our company’s growth,” CEO Ken Johnson stated in a news release Monday, adding that the exchange’s global footprint would allow the company to broaden its shareholder base and increase market visibility.
Shares of Lipari Mining traded at C$0.57 at Monday’s open, for a market capitalization of approximately C$83.7 million ($58.5 million).
Formerly known as Golden Share Resources, the company announced last month that it is acquiring Lipari Diamond Mines (LDM) and its assets in Angola and Brazil through an RTO, following which LDM shareholders would own nearly all (96.7%) of the combined company’s…
